Le Pen vows drastic cost savings to prevent French 'default'

The current frontrunner in the presidential race made the announcement in a bid to stake out her credibility on the economy and regain momentum after her top ally Jordan Bardella was accused of making antisemitic comments, which he has denied.Le Pen also vowed to bring France's public deficit back to below the EU limit of three percent of GDP by 2030, while urging the European Central Bank to "ease the burden" of interest rates.France's deficit -- the annual shortfall of revenue to spending -- came in at 5.1 percent of GDP last year, and instead of reducing that level as originally planned the government now forecasts it will hit 5.4 percent this year.It plans to borrow 340 billion euros ($385 billion) in 2027, around 28 billion euros more than this year, to help finance government spending and repay debt coming due.But those forecasts could be jeopardised by rising interest rates, which have seen France's government bond yields soar in recent weeks."If the French do not choose a political break, France is heading towards default," Le Pen said.She slammed the successive governments of President Emmanuel Macron for failing "to anticipate the slightest economic, financial or budgetar...