Nicolas Sarkozy is hoping to cut French taxes, but this would mean that France would breach a 3% budget deficit rule already set by the EU.
Nicolas Sarkozy claims that France needs to cut taxes by 11bn euros ($15bn; £7.5bn) and he also wants to reform higher education in order to deal with the worsening French unemployment problem.
It is reported that Nicolas Sarkozy is hoping to meet with the EU finance ministers later on Monday.
Critics of the scheme say that the move will push France's public deficit above EU guidelines, just months after it had fallen below the 3% limit, and Nicolas Sarkozy’s proposal has already drawn opposition from Germany and Portugal.
