France Unveils Bold Plan to Inject Billions: Taxing the Wealthy and Curtailing Public Spending

October 12 2024

France Unveils Bold Plan to Inject Billions: Taxing the Wealthy and Curtailing Public Spending

Prime Minister Michel Barnier's new French government is gearing up to tackle the nation's staggering debt through a budget that includes spending cuts and tax increases on affluent businesses and households. A draft revealing these plans, aimed to comply with EU spending mandates by 2029, will be released shortly. The legislation promises to reinforce state finances by €60.6 billion, primarily fueled by expenditure cutbacks.

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Far-Right Victory in France's Snap Election Triggers Strong European Reactions

July 1 2024

Far-Right Victory in France's Snap Election Triggers Strong European Reactions

The far-right party's win in France's snap election has elicited varied responses from European leaders, ranging from concern to cautious optimism. Despite the political debate, markets reacted positively, with significant gains in French and European stocks.

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Macron Urges Snap Legislative Elections Amid EU Poll Setback

June 11 2024

Macron Urges Snap Legislative Elections Amid EU Poll Setback

In an unexpected move, French President Emmanuel Macron has called for snap legislative elections after a dismal showing in the EU elections. His centrist bloc was outpaced by the far-right National Rally party, which won nearly double the votes. Macron expressed his commitment to democratic process and the upcoming elections are set to begin on June 17.

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