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Transcript
00:00Next, here in France, the Prime Minister held a news conference today on the government's
00:05upcoming budget.
00:06François Béroux is seeking to boost support for the unpopular plan, which aims to slash
00:11more than 44 billion euros in public spending.
00:14The Prime Minister says he will seek a no-confidence vote from Parliament on September 8th, while
00:19political parties on the left have called for a nationwide strike two days later on September
00:2410th.
00:24Well, let's take a listen then to the Prime Minister speaking earlier.
00:27Our country is in danger because we are on the edge of over-indebtedness.
00:36Over the past two decades, despite the succession of several governments of different political
00:40leanings, our national debt has increased by 2 trillion euros.
00:51France cannot ignore this danger.
00:53It cannot stand idly by.
00:55It is heading for disaster if it does not take the courageous but still possible and
01:00bearable decisions that are necessary and that we are debating.
01:04Well, our senior reporter Catherine Norris-Trendt has been following that for us and fills us
01:12in on the details.
01:18French Prime Minister François Béroux put his neck on the line just as France is coming
01:23back from its annual summer break.
01:26He scheduled a special session of Parliament and a vote of confidence in his government
01:31for the 8th of September, centred around his controversial budget plans.
01:38Béroux hopes to make 44 billion euros of savings in the French budget plans, which would include
01:47scrapping two public holidays, freezing pension and welfare payments and really limiting government
01:53spending pretty much across the board.
01:56Well, he announced those measures in the summer, his plans for those measures, and they went
02:01down like a lead balloon.
02:02So there had been plans for protests and strikes as France got back to work this September.
02:09So he's trying to get in ahead of that by calling this confidence vote, but it already seems
02:14that the parliamentary arithmetic could be very tricky for him and his government to survive.
02:19Parties on the far right and on the far left already saying that they will not support him
02:26in this confidence vote.
02:28François Béroux had been trying to reach out to the French public directly in this speech,
02:34saying that the situation was so serious when it came to public debt that something
02:39had to be done about it now.
02:41He said that financing the public debt was the single biggest line in the French budget,
02:47that it cost 66 billion euros this year, and that every hour that passes, France is accumulating
02:5512 million euros of debt.
02:58So he's really calling on French politicians to act responsibly.
03:02Whether they will back him in this confidence vote, that's another issue.
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