France government to announce 2015 budget on Oct 1st, to detail around €21B in spending cuts - press
- Reportedly the 2015 budget will be seen as a roadmap for another €29 billion in cuts President Hollande has vowed to make in 2016 and 2017.
- PM Valls won a confidence vote last week by only 25 votes, as the defection of 31 Socialist MPs caused the government to lose its absolute majority.