Germany planning annual cuts and tax hikes of €10bn; France may raise retirement age from 60
May 24th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Germany is planning annual cuts and tax hikes of €10bn to set an example for the Eurozone and also to cut its debt in compliance with a “debt guillotine” that has been written into the German constitution. Meanwhile France hinted on Sunday that it may raise its retirement age from 60 years of age.