Financial Insights That Matter French Finance Minister Eric Lombard has outlined the new government’s 2025 budget plan, which seeks to achieve cost savings of 50 billion euros, significantly lower than the previous administration’s target. This move comes as a response to the current “serious” budgetary situation. Lombard aims for a 2025 deficit ranging from […]
Financial Insights That Matter 1470 & 100.3 WMBDFrench finance minister says eyes 2025 budget deficit in 5-5.5% rangePARIS (Reuters) – French finance minister Eric Lombard said France’s budget situation was “serious” , adding he targeted a 2025 deficit in a range of 5% to….3 days ago Boost Your Financial Knowledge and Achieve Stability Discover a […]
Financial Insights That Matter Former French president Nicolas Sarkozy, convicted twice in separate cases since leaving office, goes on trial Monday charged with accepting illegal campaign financing in an alleged pact with the late Libyan dictator Moamer Kadhafi. Legal troubles have shadowed Sarkozy’s career since he lost the 2012 presidential election, but he is an […]
Financial Insights That Matter The target allows for more flexibility than the goal set by the previous government, said Éric Lombard. ADVERTISEMENT France’s new government is aiming to lower the national deficit to between 5% and 5.5% of GDP due to its 2025 budget. “We need to change our current trajectory”, finance minister Éric Lombard […]
Financial Insights That Matter By Reuters Published January 6, 2025 French Finance Minister Eric Lombard said on Monday that the 2025 budget bill his new government was working on is targeting €50 billion ($51.7 billion) in cost savings – a lower figure compared to the one from the previous government. Lombard added the budget situation […]
Financial Insights That Matter Mon 06 Jan 2025 ▪ 7 min read ▪ by Luc Jose A. The French state is preparing to face a year under high tension in the financial markets. With €300 billion to borrow in 2025, an unprecedented level of debt, Bercy must maneuver in a particularly unstable environment. The Agence […]
Financial Insights That Matter (Bloomberg) — After a couple of years to forget for French banking, the likes of BNP Paribas SA and Societe Generale SA are hopeful their shares can narrow the gap to peers in 2025. Most Read from Bloomberg On Monday, Finance Minister Eric Lombard told local radio he’s planning to cut […]
Financial Insights That Matter French MPs adopted the rectifying finance bill, in which it was agreed the country’s public energy supplier EDF should be nationalised. At a minimum, it was agreed that the state will make a public offer to buy the remaining 16% of the company that it does not already own, a sum […]
Financial Insights That Matter Le Pen argued that Barnier’s budget would prove too costly for the middle class and accused his government of waiting too long to involve the National Rally in negotiations. Lombard appears to be trying to avoid the same mistake, targeting the center left as potential partners in the opposition and getting […]
Financial Insights That Matter Moody’s has downgraded the ratings of seven major French banks amid spiraling national debt and a toxic political environment, days after it cut its rating for the country as a whole. The ratings agency downgraded a host of French banks, including the country’s two largest banks BNP Paribas and Credit Agricole, […]