France has a new government, again. Politics and crushing debt complicate next steps
2 weeks, 1 day ago

France has a new government, again. Politics and crushing debt complicate next steps

Associated Press  

PARIS — France’s president and prime minister managed to form a new government just in time for the holidays. But France’s previous government collapsed this month because Marine Le Pen’s far-right party and left-wing lawmakers opposed 60 billion euros in spending cuts and tax hikes in the original 2025 budget plan. Le Pen — Macron’s fiercest rival — was instrumental in ousting the previous government by joining left-wing forces in a no-confidence vote. French Defense Minister Sebastien Lecornu, who champions military aid for Ukraine and ramping up weapons production, kept his job and stressed in a statement Tuesday the need to face down ‘’accumulating threats’’ against France.

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History of this topic

France is not alone in its fiscal woes
1 week, 5 days ago

France is not alone in its fiscal woes

Hindustan Times  

When things got tough, European finance ministers used to sigh and say that at least they were not Greek. The yield on French bonds is now 0.8 percentage points above German bunds, the euro zone’s benchmark, which is the widest gap since the near-collapse of the euro in 2012. Wide deficits add to France’s debt level, which is forecast to …

France has a new government. Now it must fix the budget while avoiding collapse
Trending News
2 weeks, 2 days ago

France has a new government. Now it must fix the budget while avoiding collapse

Associated Press  

PARIS — French President Emmanuel Macron’s office announced a new government Monday, after the previous Cabinet collapsed in a historic vote prompted by fighting over the country’s budget. The government, put together by newly named Prime Minister Francois Bayrou, includes members of the outgoing conservative-dominated team and new figures from centrist or left-leaning backgrounds. The new government enters office after …

Faltering economy, divided polity: How new French prime minister accedes to a crown of thorns
Trending News
3 weeks, 3 days ago

Faltering economy, divided polity: How new French prime minister accedes to a crown of thorns

Firstpost  

In a divided nation struggling with polarised politics, high debt, and a ballooning deficit, the task before 73-year-old François Bayrou—a well-known name in French politics and a long-time Macron ally—is humongous On Friday, December 13, President Emmanuel Macron of France appointed François Bayrou as the new Prime Minister of France. Two, the Left, Right, Centre conundrum—the result has been a …

French govt collapses after no-confidence vote; ‘Budget Bill’ triggers Michel Barnier’s downfall as shortest premier
1 month ago

French govt collapses after no-confidence vote; ‘Budget Bill’ triggers Michel Barnier’s downfall as shortest premier

Live Mint  

France's Govt Collapses: In a dramatic turn of events, France’s Michel Barnier -led government has been brought down by a no-confidence vote in the National Assembly, marking the shortest tenure for a prime minister since the country’s Fifth Republic was established in 1958. Budget Bill at the Centre of France's Political Crisis Barnier’s three-month government had been under growing pressure …

EU warns France to cut deficit by £12bn or face punishment
5 months, 4 weeks ago

EU warns France to cut deficit by £12bn or face punishment

The Telegraph  

The European Commission sent the £12.6 billion yearly demand to Paris last month, Bloomberg reported. The cut is equivalent to about 0.55 per cent of annual GDP over seven years and is seen as the opening gambit in tough negotiations over France’s debt. Under the bloc’s Excessive Deficit Procedure, member states must keep their deficit below 3 per cent of …

Where it all went wrong for Macron: How France turned to the right after president failed to tackle migration, Islamic terror attacks, cost of living crisis - and infuriated the public with his arroga
6 months, 1 week ago

Where it all went wrong for Macron: How France turned to the right after president failed to tackle migration, Islamic terror attacks, cost of living crisis - and infuriated the public with his arroga

Daily Mail  

Jordan Bardella, the protégé of hard-right leader Marine Le Pen, declared last week during a pre-election debate that France is tired of 'seven years of Macronism'. President Macron has gambled and failed in his attempt to knock out the populist right with his shock election which has seen his party hammered at the polls Marine Le Pen, Rassemblement National party …

EU criticizes France for excessive debt, putting pressure on Macron during election campaign
6 months, 3 weeks ago

EU criticizes France for excessive debt, putting pressure on Macron during election campaign

Associated Press  

BRUSSELS — The European Union’s executive arm on Wednesday criticized France for running up excessive debt, a stinging rebuke at the height of an election campaign where President Emmanuel Macron is facing a strong challenge from the extreme right and the left. “Deficit criteria is not fulfilled in seven of our member states,” said EU Commission Vice President Valdis Dombrovskis, …

EU criticizes France for excessive debt, putting pressure on Macron during election campaign
6 months, 3 weeks ago

EU criticizes France for excessive debt, putting pressure on Macron during election campaign

LA Times  

The European Union’s executive arm on Wednesday criticized France for running up excessive debt, a stinging rebuke at the height of an election campaign where President Emmanuel Macron is facing a strong challenge from the extreme right and the left. “Deficit criteria is not fulfilled in seven of our member states,” said EU Commission Vice President Valdis Dombrovskis, naming Belgium, …

France’s borrowing costs surge as Macron calls snap election
6 months, 4 weeks ago

France’s borrowing costs surge as Macron calls snap election

The Telegraph  

France’s government faces its highest borrowing costs this year after Emmanuel Macron’s shock decision to call a parliamentary election. Mr Macron announced the national vote after Marine Le Pen’s hard-right National Rally won 32pc of the vote in the European Parliament elections – more than double that of Mr Macron’s Renaissance on 15.4pc– underlining her credentials as frontrunner for France’s …

France: Emmanuel Macron banks on robust economy for re-election
2 years, 9 months ago

France: Emmanuel Macron banks on robust economy for re-election

The Hindu  

As France’s election race heads to the first round of voting on April 10, front-runner President Emmanuel Macron has a strong argument to persuade voters that the reforms of his first term are bearing fruit — a robust economy. "Macron’s policies have been quite pro-business though he’s had to adapt some of them amid crises including the yellow vest protests …

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