French public auditor urges in-depth post-crisis spending review

PARIS (Reuters) - France will need to carry out an unprecedented spending review once the coronavirus crisis subsides as part of a new fiscal strategy needed to avoid a dangerous debt spiral, the independent public audit office said on Tuesday.The French government expects the public sector budget deficit to blow out to 11.4% of economic output this year as the euro zone's second-biggest economy contracts by 11%, both unparalleled in modern peace-time France.With public debt set to hit 121% of..