France moves to boost economy through investment

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PARIS – French Prime, Minister Manuel Valls, on Wednesday proposed a raft of tax breaks aimed at spurring industrial investment and boosting construction of highways.

The tax breaks, which Valls said had been built into a five-year budget trajectory for cabinet’s consideration next week, would issue 2.5 billion Euros , approxiamtely 2.7 billion dollars of write-offs on industrial investments.

He said there were to inject public highways with 3.2 billion Euros of investments, saying he expected the work to start as soon as possible.
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“To accelerate economic recovery we must remove all impediments and use of all possible tools. Investment is an important tool,’’ Valls said in a .

Report says the government is seeking to spur sluggish growth of 0.4 per cent in 2014 and bring down rate, which hovers around 10 per cent. (dpa/NAN)

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