Barnier promises concessions on budget to try save French government
The French government is prepared to “make concessions” to get its budget though parliament and avoid a market “storm”, the country’s finance minister said on Thursday, in a stand-off that risks bringing down Michel Barnier,
French Govt Ready For Budget Concessions To Avoid Financial 'Storm'
The French government is ready to offer concessions to parliament to get through its budget, the finance minister said Thursday, in a standoff which is causing market turbulence and risks bringing down the government of Prime Minister Michel Barnier.
French PM scraps electricity tax in budget in bid to save government
Gupta and Leigh Thomas PARIS (Reuters) -French Prime Minister Michel Barnier on Thursday scrapped plans to raise electricity taxes in his 2025 budget, reacting to far-right threats to bring the government down in a no-confidence vote unless he eased the burden on the working classes.
France’s Barnier caves to far right’s electricity tax demands as budget crisis looms
Plan was sticking point between government and the National Rally, which has threatened to topple the prime minister.
French government on brink of collapse over 2025 budget vote
A bitter debate is now unfolding inside the ruling class over how to recalibrate its policies, that will confront it, sooner rather than later, with explosive working class opposition.
French PM announces concession in bid to end budget standoff
The French government is ready to offer concessions to parliament to pass its budget, the finance minister said Thursday, in a standoff which is causing market turbulence and risks bringing down the government of Prime Minister Michel Barnier.
French Premier Warns of Market ‘Storm’ If Budget Voted Down
French Prime Minister Michel Barnier said the country faces a “storm” in financial markets if an “unlikely but possible” alliance of lawmakers across the political spectrum rejects his government’s budget proposals and votes it out of power.
French Government Creaks as Barnier's Budget Woes Weaken Survival Chances
Barnier's government could fall before Christmas, and perhaps even by next week, if far-right and leftist foes force a no-confidence motion that he is likely to lose, according to a dozen sources from across the political spectrum.
France could soften budget bill to ensure government's survival, finance minister says
France's unpopular government is ready to make concessions over next year's budget, Finance Minister Antoine Armand said on Thursday, amid growing concerns that opposition to the bill could topple Prime Minister Michel Barnier's administration.
French PM Barnier announces concession in bid to end budget standoff
French Prime Minister Michel Barnier on Thursday announced a major concession in a bid to end a standoff with the opposition over the budget, which has caused jitters on financial markets and risks bringing down his minority government.
Budget woes put French borrowing costs equal with crisis-scarred Greece
French borrowing costs effectively matched those of Greece on Thursday for the first time, as Michel Barnier's government ...
Politico Europe1h
French political crisis: Everything you need to know
The New Popular Front believed that because it won the election, it had the right to form a government. Macron disagreed, ...
French Bond Risk Hits Highest Since Euro Crisis on Budget Battle
A measure of French bond risk rose to levels last seen during the euro area debt crisis as a political standoff over the ...
Morning Bid: French budget and German prices grab spotlight
A look at the day ahead in European and global markets from Ankur Banerjee German inflation data and France's budget ...
French bond yields surpass Greece’s for first time as budget worries swirl
The 10-year yield on French government debt briefly reached 3.02 per cent in early trading on Thursday, crossing above the 3.01 per cent yield demanded by lenders to Greece, before switching back. The ...
NBC Los Angeles16h
France's political chaos drives borrowing costs to the same level as Greece's
France’s brewing political crisis is spilling into financial markets with French borrowing costs hitting the same level as ...
French Blue-Chips Lead European Stocks Lower on Budget Angst
Among French lenders, Societe Generale and BNP Paribas fell around 2% each. The risk premium investors demand to hold French debt rose to its highest level since 2012, a sign of investor angst over ...