A repeat of the standoff that deposed the previous administration is looming as incoming French Prime Minister Francois Bayrou pledges to drastically reduce the country's deficit to near 5 percent of GDP. After introducing his new cabinet, Bayrou will inform parliament of his new policy agenda on January 14.

French Premier seeks budget cuts that toppled prior cabinet

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French Premier seeks budget cuts that toppled prior cabinet

French Premier seeks budget cuts that toppled prior cabinet