CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The French parliament on Wednesday voted to oust Prime Minister Michel Barnier over his proposed deficit-cutting budget, plunging the country into deeper political turmoil. A motion of no confidence was approved by 331 votes […]
CashNews.co They said it served us right for Brexit. Our troubles were just punishment for voting to leave the EU. In September 2022, after Truss’s mini-Budget fiasco triggered a run on the pound, the Financial Times said EU politicians were struggling to contain their Schadenfreude. French finance minister Bruno Le Maire blamed us for voting […]
CashNews.co When Prime Minister Michel Barnier unveiled his deficit-reduction plan in October, promising to bring down the public deficit from around 6% of GDP to 3% in 2029, it was seen as an attempt to steer the French economy into calmer waters. But an imminent no-confidence vote in parliament could upend Barnier’s hopes — and unleash an economic […]
CashNews.co (Bloomberg) — France’s government risks collapse before the end of the week, with potentially painful economic and financial consequences. Most Read from Bloomberg On Monday, Marine Le Pen’s far-right National Rally said it will back a motion to topple the French government, after Prime Minister Michel Barnier failed to agree to all of its […]
CashNews.co Opposing budget is only constitutional way to protect public from ‘punitive’ measures, Le Pen says Marine Le Pen, leader of the far-right National Rally (RN), has said that backing a no-confidence motion to oust Michel Barnier as prime minister is the only constitutional way to protect the French public from a “dangerous, unjust and […]
CashNews.co French Finance Minister Antoine Armand France warned Tuesday that the country faces a pivotal moment amid uncertainty surrounding its budget and the government’s future. Expectations that Prime Minister Michel Barnier’s government will collapse this week have hit the stock and bond markets of France, the eurozone’s second-biggest economy, which is under pressure due to […]
CashNews.co By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The euro faltered on Monday against a strong U.S. dollar on growing concerns about a possible government collapse in France, which would stall plans to curb a burgeoning budget deficit. The greenback, meanwhile, extended gains after strong U.S. manufacturing data from both the Institute for Supply Management and […]
CashNews.co (Bloomberg) — Prime Minister Michel Barnier warned that France has reached its “moment of truth,” as far-right leader Marine Le Pen is set to join a left-wing coalition to topple his government as soon as this week. Most Read from Bloomberg Subscribe to the Bloomberg Daybreak podcast on Apple, Spotify or anywhere you listen. […]
CashNews.co PARIS (Reuters) – France is at a turning point due to uncertainty over the country’s budget and the future of the government, Finance Minister Antoine Armand said on Tuesday. Expectations that Prime Minister Michel Barnier’s government will collapse due to opposition to his budget have hit the stock and bond markets of France, the […]
CashNews.co (Bloomberg) — Requests to amend France’s 2025 budget as the government of Prime Minister Michel Barnier battles to remain in power would cost almost €10 billion ($10.6 billion), the nation’s budget minister said in an interview with Le Parisien. Most Read from Bloomberg “The compromise on the taxation of electricity is not fully financed, […]