Skip to content. | Skip to navigation

Personal tools
Sections
You are here: Home Breaking news France eyes five billion euro defence cuts

France eyes five billion euro defence cuts

14 June 2010, 14:05 CET
— filed under: , , ,

(PARIS) - France will trim about five billion euros (6.1 billion dollars) from its defence budget, Defence Minister Herve Morin said Monday.

The defence budget cuts over the next three years are part of overall belt-tightening measures in the wake of the Greek debt crisis.

"There is a difference of close to five billion euros over three years" between the draft defence budget and the ceiling for expenses set by Prime Minister Francois Fillon, the minister told La Tribune newspaper.

The draft defence budget called for expenses of 377 billion euros.

Fillon last month announced that France will impose a freeze on central government spending for three years from 2011.

The minister told journalists at a defence industry trade show that France still wants to provide its armed forces with new military equipment.

"We will continue to consider that equipping our forces is a priority," said Morin at the trade show near Paris.


Advertisement

Text and Picture Copyright 2010 AFP. All other Copyright 2010 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable.


Document Actions
Newsletters

EUbusiness Week no. 657
MEPs approve banking union - email summary of the past week's EU business news
→ EUbusiness Week archive

The Week Ahead no. 219 Subscribers only
Fruit & vegetables - milk quotas - basic bank accounts - reducing plastic bag use.
→ Week Ahead past newswires

Subscription options

Subscription options