“French President Emmanuel Macron appointed Eric Lombard as the country’s finance minister.”, — write: epravda.com.ua
French President Emmanuel Macron appointed Eric Lombard as the country’s finance minister. This is reported by Bloomberg. Eric Lombard is an experienced financier with connections to the left. He currently heads the Caisse des Depots Group, a financial institution with a two-hundred-year history, accountable to the parliament. The new minister will be a key figure in French Prime Minister Francois Bairro’s new government, which will try to pass a 2025 budget quickly and survive any no-confidence votes from the opposition.Advertisement: France’s finances are in disarray after nationalist lawmakers Marin Le Pen joined forces with the left in the National Assembly to oust Bairu’s predecessor, leaving the country without budget From January, the state will rely on emergency legislation unveiled on Saturday and decrees that allow only vital spending and unchanged taxation. France’s political and budgetary difficulties in recent months have caused a sell-off in the country’s debt, leading to higher borrowing costs compared to European countries. Bayrou said he intends to complete work on the budget by mid-February. “This situation is exceptional and serious, its numerous consequences will be visible and felt in every sector of France,” said the outgoing Minister of Finance and Economy, Antoine Armand, at a meeting of a committee of legislators.