
Budget Crunch Time: France Aims for Fiscal Austerity
Instead of austerity in a recession, France and other deficit-ridden EU states should try fiscal stimulus as a means to end their economic standstill.

Instead of austerity in a recession, France and other deficit-ridden EU states should try fiscal stimulus as a means to end their economic standstill.

The proposal to eliminate two public holidays has triggered strong opposition from conservative leaders, who accuse the PM of erasing national heritage.

While François Bayrou may avoid facing immediate political consequences, the confidence of the French people in government is crumbling.

Hostility to Macron-backed pension reforms is further undermining the already unpopular government.

This would hit the middle and lower classes hardest, deepening the widespread sense in France that rising taxes no longer deliver adequate public services.

Bruno Retailleau seems more concerned with preventing Marine Le Pen’s party from gaining ground than with solving problems that are his direct responsibility.

“We will not let measures against the French pass when there is so much waste and mismanagement of public finances,” Marine Le Pen commented.
National Rally VP Sébastien Chenu says the public shouldn’t bear the cuts unless the government also trims its own spending.

Bayrou can celebrate a small personal victory, but France is left waiting for reforms.

Reforming the outdated PLM law could restore true democracy in France’s biggest cities, where conservative voices have been sidelined for decades.