Sexy Cecilia of France Is Shown Up by Christine: Amity Shlaes

Author: Amity Shlaes

News that Cecilia Sarkozy is divorcing her husband, President Nicolas Sarkozy, is all over the U.S. press. But there is another woman in the Sarkozy constellation who matters more than Cecilia. She is Christine Lagarde, the 51-year- old French finance minister.  At a recent meeting at the Council on Foreign Relations, Lagarde outlined her plan to cut marginal taxes on labor, lower the tax rate on investors by boosting research tax credits, lower the share of citizens' total income that can go to income taxes to 50 percent or less, and end a requirement that all patents be translated into French. Amity Shales writes that Lagarde is the one most likely to seduce investors away from the U.S. and to France.

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French Government: White Paper on Defense and National Security

The French government published a white paper on June 17, 2008, which, according to its introduction, "substantially redefines French strategy in a 15-year perspective, embracing both defense and national security." On April 29, 2013, the government released its fourth defense reform paper, which freezes the budget, further reduces personnel and equipment in addition to 2008 cuts, and focuses on intelligence gathering, cyberwarfare, and drones.

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