France rebels against austerity as Europe’s recovery collapses

‘Michel Sapin, France’s finance minister, sent tremors through European capitals with a defiant warning that his country would no longer try to meet its deficit targets and would not inflict further damage on its economy by tightening into the downturn. “I refuse to raise taxes to close any budget gaps,” he said.’

Continue Reading: France rebels against austerity as Europe’s recovery collapses