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Old 09-29-2010, 03:27 AM
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Default France To Cut Spending $4.8B Over 3 Years

Paris - France confirmed on Sept. 29 an announced cut in defense spending of 3.6 billion euros ($4.8 billion) over the next three years, as government officials said the effects would be "very limited" because of receipts from the sale of property and digital frequencies.

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