French Senate Unanimously Passes Special Law for Taxation and Borrowing
The French Senate has unanimously approved a special law enabling the government to levy taxes and borrow funds to finance the state and social security, following a similar vote in the National Assembly. This legislation aims to resolve the current budgetary deadlock and allow essential state functions to continue into 2025. However, it does not fully replace the need for a comprehensive budget, expected to be drafted early next year. The debate highlighted divisions between government supporters and opposition parties regarding the budgetary process.