The French government is preparing for a compromise due to the threat of a financial crisis

French Prime Minister Michel Barnier announced a major concession on Thursday in an attempt to end a budget standoff with the opposition that has rattled financial markets and threatened to topple his minority government.

Transfers UNN with reference to BFNTV.

We are faced with an extremely serious situation for the country”, and in this context, “we are obviously ready to make concessions to avoid this storm

The French government has confirmed that it is ready to make concessions to opposition groups in budgets being considered in parliament to avoid a vote of no confidence. The last circumstance is a threat in the coming days – it is something that can lead to the dissolution of the government and also threatens a financial crisis.

Britain and France are ready for “everything necessary” to support Ukraine – LemmyNovember 22 2024, 11:34 • 11769 views

The far-right led by Marine Le Pen, who as a parliamentary bloc hold the key to the government’s survival, welcomed the move but said more needed to be done.

Context

Months of political tension since Barnier was appointed prime minister in September to lead a minority government appointed by President Emmanuel Macron after snap parliamentary elections culminated in the budget debate.

France’s public deficit, which already rose sharply last year, is set to rise further to 6.1% of gross domestic product (GDP) in 2024, according to calculations by the executive, which aims to reduce it to 5% in 2025 in its draft budget. year

Economy Minister Antoine Armand insisted that some changes had already been made to the initial draft budget during the parliamentary procedure. It is, in particular, about revaluation of pensions to the level of inflation as of January 1.

Biden and Macron are going to announce a truce between Israel and HezbollahNovember 26 2024, 00:42 • 16066 views