France finds itself in a challenging economic and political situation that raises alarms for the rest of Europe. With GDP growth forecast at just 0.6% for 2025 and a budget deficit projected to reach 6.
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
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.
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.
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,
With political instability rocking Europe’s second-largest economy, the Governor of the Central Bank of France, Francois Villeroy de Galhau, has called on the government to restore "credibility" around its fiscal management.
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),
Shortly after the policy statement of France's new Prime Minister François Bayrou, a vote of no confidence was filed against his government on Tuesday evening. Members of the leftist party France Unbowed (LFI) justified the move with the composition of the centre-right Cabinet and Bayrou's budget policy.
The prospects of French Prime Minister Francois Bayrou's minority government surviving in the long term appeared slimmer after the Socialist Party raised the threat of backing a no-confidence vote on Thursday.
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.
France entered the new year for the first time in its modern history without a proper budget after lawmakers ousted Prime Minister Michel Barnier in opposition to his plans to bring down the country's massive budget deficit, which came in at 6.2 percent of ...