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, […]
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Financial Insights That Matter FortuneThe French aren’t spending. Inflation is down, but people aren’t opening their wallets. Here’s whyWith consumer prices still inflated the French are becoming far more picky about how they spend their spare time and cash..4 days ago Boost Your Financial Knowledge and Achieve Stability Discover a growing online community dedicated to […]
Financial Insights That Matter FortuneFrench MPs greenlight spending by decree to avoid government shutdowns, as opposition vows to block ‘any austerity budget’As new French prime minister Francois Bayrou works on a new budget for 2025, critics have already said they will work to block any proposed cuts..11 hours ago Boost Your Financial Knowledge and Achieve […]
Financial Insights That Matter PARIS (Reuters) – France is set to see weak but steady economic growth through the first half of next year as a political drama over the 2025 budget weighs on consumers and businesses, the official INSEE statistics agency said on Tuesday. The euro zone’s second-biggest economy is likely to have stagnated […]