Foreign News: Borrowing vs. Taxation

The Chamber of Deputies has authorizaed Finance Minister de Lasteyrie to balance the budget by issuing 1,400,000,000 francs worth of bonds. This is indicative of the trend of French politics, which prefers to borrow rather than meet the financial situation squarely by increasing taxation.

...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!