Today's Word Is Deficit

Today's word is deficit: spending more than you take in. Professor Wobble: France's budget cuts 54 billion euros, and students are protesting. Bitsy: why cut? The EU's rule is 3% of GDP; France ran 5.1%. Mort: debt is 119%, the rule says 60%, and the last prime ministers who tried cutting were ousted. Brought to you by the number three.

The 54 billion euro budget that France's students are protesting must now pass a fractured National Assembly that has ousted prime minister after prime minister for trying to cut spending or raise taxes; France is under the EU's excessive deficit procedure, with a deficit of 5.1% of GDP against the treaties' 3% reference and debt at 119% against 60%, so the students' demand for more school money arrives while the government is trying to spend less.

Starring

PipProfessor WobbleBitsyMort