France, Europe, Michel Barnier, Emmanuel Macron Business | The Guardian
Bill aims to find €60bn to plug deficit but opposition parties could demand concessions and even topple the administration The new French government is facing its first major test in a hostile parliament as it tries to push through a budget of spending cuts and tax increases on the wealthy and big companies aimed at saving €60bn (£50bn) and reining in a ballooning fiscal deficit.The rightwing prime minister, Michel Barnier – who was appointed last month by Emmanuel Macron in an attempt to end the political paralysis following an inconclusive snap election – said France was facing a debt crisis and had to act. Continue reading…
Bill aims to find €60bn to plug deficit but opposition parties could demand concessions and even topple the administration
The new French government is facing its first major test in a hostile parliament as it tries to push through a budget of spending cuts and tax increases on the wealthy and big companies aimed at saving €60bn (£50bn) and reining in a ballooning fiscal deficit.
The rightwing prime minister, Michel Barnier – who was appointed last month by Emmanuel Macron in an attempt to end the political paralysis following an inconclusive snap election – said France was facing a debt crisis and had to act.
