France facing 'one of worst deficits' in its history: minister

France now has "one of the worst" public deficits in its modern history, the newly-installed economy minister said Tuesday, confirming new taxes on the wealthy and big businesses are on the table to get finances back in order. "Apart from one or two one-off crisis years in the past 50 (years), we have one of the worst deficits in our history," Armand told broadcaster France Inter.

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