Beginning January 6, the new French Minister of Economy initiates discussions with various political forces to prepare the 2025 budget. Key meetings are scheduled with parties including MoDem, the Socialist Party, and the Communist Party. The previous government’s budget proposal…
In an open letter to President Emmanuel Macron, trade union leaders and local officials are calling for Renault to commit to maintaining production orders at the Fonderie de Bretagne until 2028. The factory, which employs 350 workers, faces closure as…
Philippe Gueydon, the director of King Jouet and co-president of the toy trade federation, reports a slight 2% decline in toy sales by the end of November. However, he remains optimistic about December, traditionally a strong month for sales. Gueydon…
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…
In an appearance on ‘4V’, Pierre Moscovici, the first president of the Cour des comptes and former Minister of Economy, highlighted the dire economic situation of France amid the looming censure motion against Michel Barnier’s government. He warned that without…
In October 2024, French households withdrew €1.94 billion more from their Livret A accounts than they deposited, a trend not seen since the Covid-19 pandemic. This ‘décollecte’ is attributed to increased spending during the month, including property taxes and adjustments…
In a recent interview with Le Parisien, French Economy Minister Antoine Armand cautioned against excessive taxation on businesses, criticizing a Senate decision to cut employer contribution reductions. He stressed that penalizing companies will not foster job creation or economic growth….
Amid escalating industrial challenges, France is bracing for significant job losses across multiple sectors, particularly in automotive and chemicals. Minister Marc Ferracci highlighted impending layoffs, suggesting over 150,000 jobs could vanish due to fierce international competition and rising operational costs….
