France to get belt-tightening budget

The French Government is facing financial challenges, claiming near insolvency but maintaining spending plans. The deficit remains unchanged, violating European rules. France aims to protect consumer spending, a key growth engine, by offering €15 billion in tax breaks, offset by pension streamlining and public sector cuts. Austerity measures may follow, with political strategies suggesting two budgets: one pre-election and another post-election focusing on austerity. Nicolas Sarkozy hopes for economic growth, but experts predict a downward revision.

What is the French Government's claim regarding its financial status?

What measures are being taken to offset the €15 billion worth of tax breaks?

What are the two budgets referred to in the text?

What is Nicolas Sarkozy hoping for to avoid severe budget cuts?

What do experts say about the economic growth outlook?