The canton of Baselland has instructed the municipality of Waldenburg to either raise its tax rate to at least 72% or close its public swimming pool due to ongoing budget deficits. This unprecedented intervention comes as Waldenburg has struggled with…
On December 24, François Bayrou’s new government ministers will take their positions, outlining their roadmap. Bayrou emphasizes confidence in his team amid criticism from opposition parties. Key figures include former Prime Ministers Élisabeth Borne and Manuel Valls. Concerns over France’s…
France’s candidacy for the 2030 Winter Olympics, initially robust, is now threatened by soaring debt and financial instability. As President Emmanuel Macron assures the International Olympic Committee (IOC) of government support, significant concerns remain about an anticipated budget deficit of…
François Bayrou has been appointed as France’s new prime minister by President Emmanuel Macron, highlighting the urgent need to address the country’s budget deficit and public debt. Bayrou aims to form a consensus-driven government, succeeding Michel Barnier, who was ousted…
In a press conference held by Nikos Papapetros, the leader of the minority faction of the Volos City Council, several allegations were made against the mayor and municipal management. Papapetros highlighted a significant budget deficit linked to costly Christmas events…
French Prime Minister Michel Barnier has been ousted by Parliament after losing a confidence vote, following his controversial budget maneuvering without parliamentary approval. The power now shifts to President Emmanuel Macron, who must appoint a new Premier amidst a fractured…
France’s public finances have come under scrutiny as estimates suggest a budget deficit may rise from 4.4% to 6.1% of GDP for 2024. An investigation by franceinfo identifies six primary ‘suspects’ in this financial downturn: President Emmanuel Macron, former Minister…
France’s precarious financial condition has sparked worries in financial markets, particularly reflected in bond yields now exceeding those of Greece. Pierre Moscovici, the head of the French Court of Auditors, has warned that the situation is ‘dangerous.’ Prime Minister Michel…
The Greek government is gearing up for a significant presence in the bond markets in 2025, aiming to raise €11 billion to address increased financing needs. The budget report indicates that net borrowing will nearly double to €8.5 billion compared…
A recent Senate report in France blames former leaders from various governments for the country’s increasing budget deficit, projected to reach 6.1% of GDP by 2024. The report criticizes previous administrations for their inaction and delayed response to the deteriorating…
The University of Angers is grappling with budget deficits, prompting fears about potential cuts to its regional campuses. As most French universities approach the year-end in the red, a solidarity movement among educators and students has emerged. Critiques from student…
To address the public deficit, French officials are considering reducing employer tax exemptions, albeit less than initially proposed. Budget Minister Laurent Saint-Martin stated that only half of the originally planned €4 billion in reductions would be implemented to avoid increasing…
