Barnier promises concessions on budget to try save French government
The French government is prepared to “make concessions” to get its budget though parliament and avoid a market “storm”, the country’s finance minister said on Thursday, in a stand-off that risks bringing down Michel Barnier,
French Govt Ready For Budget Concessions To Avoid Financial 'Storm'
The French government is ready to offer concessions to parliament to get through its budget, the finance minister said Thursday, in a standoff which is causing market turbulence and risks bringing down the government of Prime Minister Michel Barnier.
French markets wracked by budget fears; Barnier warns of 'big storm'
French stocks and bonds came under fire on Wednesday, driving the premium the government pays for long-term borrowing to its highest since the euro zone debt crisis of 2012, as investors grew uneasy over the fate of the new government and its budget.
French government still shaky as lawmakers compromise on budget bill
A commission of Senators and members of the National Assembly have hashed out a compromise 2025 budget that, if passed by the both full assemblies, could avoid the government having to force the bill through without a vote.
French Government Creaks as Barnier's Budget Woes Weaken Survival Chances
The budget bill lies at the heart of France's political malaise. It seeks to rein in France's spiralling public deficit through 60 billion euros ($62.85 billion) in tax hikes and spending cuts. But it has proven to be kryptonite for Barnier's right-wing government.
French government on brink of collapse over 2025 budget vote
A bitter debate is now unfolding inside the ruling class over how to recalibrate its policies, that will confront it, sooner rather than later, with explosive working class opposition.
French Premier Warns of Market ‘Storm’ If Budget Voted Down
French Prime Minister Michel Barnier said the country faces a “storm” in financial markets if an “unlikely but possible” alliance of lawmakers across the political spectrum rejects his government’s budget proposals and votes it out of power.
France says ready for budget concessions to avert 'storm'
The French government is ready to offer concessions to parliament to pass its budget, the finance minister said Thursday, in a standoff which is causing market turbulence and risks bringing
French Government Considers Concessions to Avoid Budget Crisis
French Finance Minister Antoine Armand said he is prepared to make concessions on the 2025 budget bill to avoid opposition parties bringing down the government. Prime Minister Michel Barnier's administration risks being toppled in the coming weeks as opposition lawmakers threaten to unite in no-confidence votes over its fiscal plans.
Politico Europe1m
French political crisis: Everything you need to know
The New Popular Front believed that because it won the election, it had the right to form a government. Macron disagreed, ...
Budget woes put French borrowing costs equal with crisis-scarred Greece
French borrowing costs effectively matched those of Greece on Thursday for the first time, as Michel Barnier's government ...
French bond yields surpass Greece’s for first time as budget worries swirl
The 10-year yield on French government debt briefly reached 3.02 per cent in early trading on Thursday, crossing above the 3.01 per cent yield demanded by lenders to Greece, before switching back. The ...
Politico Europe34m
France’s Barnier caves to far right’s electricity tax demands as budget crisis looms
Plan was sticking point between government and the National Rally, which has threatened to topple the prime minister.
French PM scraps electricity tax in budget in bid to save government
Gupta and Leigh Thomas PARIS (Reuters) -French Prime Minister Michel Barnier on Thursday scrapped plans to raise electricity ...
NBC Los Angeles14h
France's political chaos drives borrowing costs to the same level as Greece's
France’s brewing political crisis is spilling into financial markets with French borrowing costs hitting the same level as ...