it's estimated that finance minister antoine armand is going to have to find around 60 billion eurosr the most well off in the country as well as spending cuts for public services as paris tries to keep its budget within the fiscal rules of the euro area 7 something it has recently struggled to do. speaking on monday, antoine armand said france is serious about reining in its ballooning deficit and complying with the eu's budget rules. our aim is to reduce the french deficit to 5% by 2025, and below the 3% threshold by 2029. this is a serious, credible and ambitious trajectory for our country in order to respect the european budgetary rules. let's speak now tojerome creel, associate professor of economics at escp business school. welcome to bbc news. took us through the scale of the challenge here for this government.— challenge here for this covernment. ., , government. good morning. yes. this is a large _ government. good morning. yes. this is a large fiscal _ this is a large fiscal contraction that the government has tried to implement. maybe it is worth discussing where we come f