France has one of the highest and longest-standing budget deficits in the eurozone – but attempts to resolve it have already toppled one government. View on euronews
The French government expects a planned levy to counter tax optimization by the richest individuals to raise €2 billion ($2.1 billion) this year, according to Finance Ministry officials.
France’s Parti Socialiste refused to back a motion of no confidence in François Bayrou’s government. It sold out its left-wing allies for feeble concessions, renewing the party’s dismal record of tailing neoliberal centrists.
Heavily indebted France has received the green light from the Council of the European Union for its plans to gradually reduce its substantial deficit. The body of governments of the EU member states,
President Emmanuel Macron picked François Bayrou as France’s new prime minister earlier this month, despite his lack of any parliamentary majority. Bayrou’s appointment on December 13 came just over a week after his predecessor Michel Barnier’s government was felled by a no-confidence vote proposed by the Left and joined by the far right,
The European Union has told France its plan for slower deficit reduction next year is still within the bloc’s rules, handing Francois Bayrou ’s government a reprieve in its battle to repair creaking public finances.
The EU supports French Prime Minister Francois Bayrou's revised plan to cut the budget deficit below 3% of GDP by 2029. The updated plan is approved, adhering to the EU's requirements, and was designed after the previous proposal by Michel Barnier was rejected by the French Parliament.
Newly appointed French Prime Minister François Bayrou survived a no-confidence vote on Thursday after the opposition Socialist Party chose not to back the motion. In the surprise turn of events, most Socialist lawmakers decided not to withdraw their confidence in Bayrou's government unlike their left-wing allies,
The long-term survival prospects of French Prime Minister Francois Bayrou's minority government have shrunk as he fights to keep the Socialist Party from backing a no-confidence vote on Thursday. Although Bayrou looks likely to ride out the no-confidence motion put forward by 58 far-left France Unbowed (LFI),
In the midst of fierce debate over the 2025 budget, which has already toppled one government, French Economy Minister Eric Lombard promised there would be no new taxes on individuals. The Senate is
The French economy is expected to face significant challenges in 2025 due to ongoing political instability, more restrictive fiscal policy, and a challenging international environment. GDP growth is projected to slow as a result France has experienced considerable political turbulence in recent months.
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