French Prime Minister Edouard Philippe on June 12 announced a 27 billion euro (roughly $30 billion) tax cut over the next five years, a reduction of unemployment benefits for the country's top earners and incentives for companies to phase out short-term contracts, among other measures, France 24 reported June 12.

France: Prime Minister Announces Tax Cuts, Unemployment and Pension Reforms

In a speech to parliament, French Prime Minister Edouard Philippe announced a 27 billion euro (roughly $30 billion) tax cut over the next five years, as well as a decrease in unemployment benefits for the country's highest earners and incentives for companies to phase out short-term contracts, France 24 reported June 12. 

SITUATION REPORT

France: Prime Minister Announces Tax Cuts, Unemployment and Pension Reforms

Keep Reading