Austrian Far-Right Prepares to Trim Budgets to Dodge EU Penalties

The Austrian government, led by the far-right Freedom Party, is taking decisive steps to align its national budget with European Union regulations. Faced with the looming threat of financial penalties from Brussels, the coalition has announced plans to implement significant cuts across various sectors to maintain compliance with EU budgetary norms.

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France's Central Bank Chief Urges Major Cuts to National Deficit

In a significant statement that has sent ripples through the political and economic landscape of France, the head of the central bank has called for immediate and substantial reductions to the nation's budget deficit. This appeal comes at a crucial time as the country grapples with economic challenges exacerbated by rising debt levels and the global economic climate.

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