As France begins 2025 without a government budget following the fall of Michel Barnier’s administration, economic indicators are concerning, with predictions of low GDP growth and rising unemployment. An economist warns that the protectionist policies of Donald Trump could negatively…
The new Minister of Economy, Éric Lombard, begins discussions on the 2025 budget with political representatives, following the abrupt end to budget preparations under former Prime Minister Michel Barnier’s government. While Lombard, a seasoned banker with ties to the Socialist…
The previous government of Michel Barnier outlined a budget plan for 2025 amounting to €492.9 billion. However, the adoption of this budget remains pending following Barnier’s resignation, leading to a potential government shutdown. In the meantime, President Emmanuel Macron has…
Starting January 2025, retirement pensions in France will rise by 2.2% as announced by the outgoing government of Michel Barnier. This adjustment equates to an increase of around 27 euros per month for the average retiree. The raise is based…
Beginning February 1, electricity tariffs in France will drop by 14% for consumers, a decision made prior to the government change led by Michel Barnier. The reduction is attributed to a decrease in global electricity prices following their prior spike…
France will end its electricity price shield on February 1, 2025, but without the tax increase initially planned by the government, according to a decree published on December 28. This decision enables a projected 14% reduction in regulated tariffs for…
François Bayrou’s new government is poised to tackle significant economic issues as it assumes office just before Christmas. Newly appointed Minister of Economy, Éric Lombard, emphasizes the urgent need to address the country’s high public debt, currently at 113.9%. The…
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…
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…
In a solemn ceremony on December 13, François Bayrou was inaugurated as France’s new Prime Minister, succeeding Michel Barnier. In his inaugural speech, Bayrou emphasized the need for reconciliation and mentioned his commitment to bridging the gap between citizens and…
Following consultations, French President Emmanuel Macron has appointed François Bayrou as the new Prime Minister to form a government and quickly pass a new budget after the resignation of Michel Barnier. Bayrou, lacking a parliamentary majority, faces the challenge of…
Boris Vallaud, leader of the Socialist parliamentary group, announced today that the center-left Socialists will not participate in the new government under Prime Minister François Bayrou. Emmanuel Macron’s selection of Bayrou is seen as a continuation of his policies, which…
