Financial Insights That Matter By Yoruk Bahceli and Amanda Cooper LONDON (Reuters) -The risk premium on French bonds dropped and bank stocks rallied on Thursday after a widely expected no-confidence vote toppled Prime Minister Michel Barnier’s government, with focus turning to what a new government might look like. Barnier resigned and President Emmanuel Macron is […]
CashNews.co (Bloomberg) — German Finance Minister Joerg Kukies played down concerns in financial markets about French political turbulence, saying investors appeared to be reacting in a “constructive” and “orderly” manner to the removal of the government. Most Read from Bloomberg “I’m obviously in very regular dialog and contact with my French colleague,” Kukies said Friday […]
CashNews.co (Bloomberg) — A measure of France’s bond risk fell amid hopes lawmakers will strike a deal on next year’s budget sooner than many investors had expected, ending months of political impasse that has weighed on markets. Most Read from Bloomberg The extra yield investors demand to hold 10-year French notes over safer German peers […]
CashNews.co The bank Crédit Commercial de France (CCF) announced a restructuring plan on Wednesday for the next two years, estimating the loss of around 1,400 jobs. The cuts will affect around 36% of CCF’s workforce, made up of around 3,900 employees in total. Eighty-four branches will also be closed. The bank is hoping that many […]
CashNews.co Pink SheetFrance: Government Collapses As Controversial Price-Cutting Finance Bill RejectedFrance’s 2025 social security financing bill (PLFSS) that would have enforced €1bn ($1.06bn) of price cuts on medicines has been rejected after a vote of no….5 hours ago Read More #cashnews #French #finance
CashNews.co Claudia Cohen Bloomberg News has hired Claudia Cohen as a finance reporter in France. She has spent more than four years as a business reporter for Le Figaro, a French newspaper. Cohen also worked at Debtwire. She holds a bachelor’s degree from Università Bocconi and a master’s degree from the London School of Economics. […]
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 […]