Source AP ©

New French PM aims for 3 percent growth

French Prime Minister Francois Fillon said Wednesday that the government is targeting economic growth of 3 percent, but gave no timetable for the goal.

"Our target is to get another point of growth to rise to 3 percent, like all big developed countries," said Fillon, named last week after pro-market conservative Nicolas Sarkozy was inaugurated as president.

"For the time being we are sticking to a forecast of between 2.25 percent and 2.5 percent" for 2007, Fillon said, speaking on Europe-1 radio. "It's rather good compared to what our country did in the past, but it's less good compared to the average of big developed countries."

He confirmed that his government plans to propose reforms in July that would be "a real shock, to create this growth that we have lacked for so long."

Measures include exonerating overtime hours from taxes and payroll fees, and capping income tax at 50 percent.

French growth has averaged around 2 percent for the past two decades, while developing countries such as China and India have sped ahead, and that stagnation was a key theme of the presidential election campaign. French growth in 2006 was 2 percent - while worldwide growth was 5.2 percent.

He announced his intention to create a news service called "Pravda," which means "truth" in Russian. Well, we are Pravda. The Pravda.Ru website has been working professionally in Russia since 1999

Elon Musk wants Pravda, but we already have it

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part

World leaders unite with Russia at St. Petersburg International Economic Forum
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Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
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Blame MH17 on Russia: International investigation turns into demonic circus
What would you do if you were Kim Jong-un?
What would you do if you were Kim Jong-un?
How low will America go?
How low will America go?
What would you do if you were Kim Jong-un?
What would you do if you were Kim Jong-un?
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Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus