Economic Crisis

economic crisis: PARIS - The French government has declared the economic crisis over and is promising its new budget will bring growth and jobs. But experts are criticizing the proposals, saying they could derail the nascent recovery. , according to Winnipeg Free Press. The government has promised the measures will re-energize the economy by reducing the money spent on retirement and health benefits and by offering companies a tax credit if they hire. But taxpayers are grumbling about even the modest tax increase, and economists are split on the merits of cutting spending now, when the recovery is still weak. French finance minister Pierre Moscovici adresses reporters as he leaves the Elysee Palace following the weekly cabinet meeting in Paris, Wednesday Sept. 25, 2013. The French government has declared the economic crisis over and is promising that its budget for next year will bring growth and jobs, but experts are criticizing the proposal from all sides and a true rebound looks way off. AP Photo/Remy de la Mauviniere In a budget unveiled Wednesday, the government said it would cut the deficit by nearly 18 billion euros $24 billion , 14.8 billion euros of which will come from spending cuts, the rest from taxes. The bill budgets 379.9 billion euros in spending for 2014. (www.immigrantscanada.com). As reported in the news.