Le Pen pledges €140bn cost savings to prevent French default

Summarised from 2 outlets · 3 reports · Updated 6 Oct, 11:31 · Archive

Far-right French presidential candidate Marine Le Pen has promised €140 billion in cost savings by 2032 if elected.

Marine Le Pen, the far-right French presidential candidate, has promised €140 billion in cost savings by 2032 if elected next year. She warned that without such drastic measures France was 'heading towards default' on its debt.

Le Pen aims to cap borrowing at 60 per cent of GDP and reduce the budget deficit. The government forecasts national debt will reach 5.4 per cent this year, exceeding the EU limit of three per cent for member states. France has spent decades attempting to rein in public spending without success.

How it is being reported

• Le Pen vows drastic cost savings to prevent French 'default'France 24 · 6 Oct, 10:52
• Le Pen vows €140 billion savings if elected to prevent French 'default'France 24 · 6 Oct, 10:52
• France’s Le Pen pledges to rein in public spendingFinancial Times · 6 Oct, 10:04

In this story: Marine Le Pen · France · European Union

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