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International Business Times
International Business Times
World
Anne Renaut and Tom Barfield

French PM Vows More Taxes And Spending Cuts Ahead Of Budget Fight

Michel Barnier called debt a 'sword of Damocles' hanging over France (Credit: AFP)

France's new Prime Minister Michel Barnier pledged new taxes and spending cuts Tuesday to reduce a "colossal" debt, in a policy address that met with a raucous reception from lawmakers who could topple his government at any time.

Barnier, a right-wing former EU Brexit negotiator, was appointed by centrist President Emmanuel Macron to bring some stability after the political chaos created by a hung parliament that resulted from snap elections this summer.

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