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- <text id=93TT1405>
- <title>
- Apr. 12, 1993: New Face Of Austerity
- </title>
- <history>
- TIME--The Weekly Newsmagazine--1993
- Apr. 12, 1993 The Info Highway
- </history>
- <article>
- <source>Time Magazine</source>
- <hdr>
- THE WEEK, Page 18
- WORLD
- New Face Of Austerity
- </hdr>
- <body>
- <p> Edouard Balladur got right down to business: at his first
- Cabinet meeting, the new French Prime Minister ordered his 29
- ministers to trim their own operating budgets 10% as a first
- step toward slashing a projected $55 billion deficit. President
- Francois Mitterrand named Gaullist Deputy Balladur to lead the
- government following elections that gave the conservative
- alliance 460 of the 577 National Assembly seats, leaving
- Mitterrand's Socialists with only 54 seats.
- </p>
-
- </body>
- </article>
- </text>
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