2024-09-18 17:55:08
Government
Politics
Finance
France's Government Faces Crisis Amid Tax Hike Dispute
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EURACTIV.de
Politics
The left-wing party La France insoumise has initiated impeachment proceedings against President Macron, which have been declared admissible by the Bureau of the National Assembly. The proceedings were initiated to denounce Macron's "authoritarian drift" after the Nouveau Front Populaire (NFP) won the majority of parliamentary seats, but Macron instead appointed the conservative politician Michel Barnier as Prime Minister. The leader of the Rassemblement National (RN) faction, Marine Le Pen, co..
EuroNews
Barnier faces crumbling support as French right-wing MPs slam rumoured tax hikes
Politics
Economy
France's PM Barnier plans tax hikes to address budget deficit; faces opposition from right-wing MPs who may withdraw support; must submit 2025 budget and appoint cabinet, key tests for his government.
New York Times - Business
France’s Budget Problems ‘Very Serious,’ Prime Minister Says
New PM Barnier says France's €3 trillion debt, 5.5% deficit 'very serious'; Court of Auditors says €110 billion in savings needed through spending cuts and tax hikes per Central bank governor Villeroy de Galhau; €80 billion annual interest payments.
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