BUSINESS DAILY - Valls needs to satisfy Socialists with €50bn cuts plan

The French Prime Minister, Manuel Valls, needs to satisfy his cabinet colleagues at their meeting today with his plan to cut €50 billion from public spending. Their support will be key to seeing the measures approved in parliament next Tuesday. Also today: rogue trader Jérôme Kerviel is suing his former employer Société Générale for manipulating a witness in his trial.

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