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Giscard trims Gaullist prestige amid cost cuts in France
Paris sources say President Giscard d Estaing has halted several grandeur projects from the Gaullist era to curb a growing budget deficit. The liner France and the Concorde program face delays or scrapping as France shifts naval focus to the Mediterranean and slashes costly ventures. Local officials and workers express mixed reactions to a austerity drive described by aides as a push for basic economics.
MENTIONED IN THIS ARTICLE
George Libera
PARIS
UPI
Valery Giscard d
Navy
France
Giscard
Charles de Gaulle
Raymond Barre
Mediterranean
de Gaulle
Atlantic
Hoge
Seine
French Guiana
Finance Ministry
Transport Ministry
le Havre
Aerospatiale
Toulouse