
No New Taxes? French PM Sets Stage for Budget Clash
Prime Minister Lecornu rejects Socialist demands for a wealth tax, banking instead on reducing taxes to make it more profitable to work.

Prime Minister Lecornu rejects Socialist demands for a wealth tax, banking instead on reducing taxes to make it more profitable to work.

Recently appointed Sébastien Lecornu says he will name his government by October 1 and rejects deep spending cuts after weeks of political turmoil.

Sixteen days without a government, zero progress, and not even a budget draft in sight—France drifts while Matignon spins.

The protest crowds are massive—but the movement’s political inconsistency is appalling.

The interior ministry estimates suggest up to 900,000 people are expected to take to the streets.

On the eve of a national strike, the prime minister’s meeting with political parties left everyone disappointed.

Bardella and Le Pen have no intention of doing the new government any favours.

Lecornu takes office as France faces record-low credit ratings and mounting fiscal challenges.

Instead of the expected break, President Macron chose to appoint one of his most loyal lieutenants.

Lecornu will face a challenging first day as PM, given the “bloquons tout” general protest scheduled for Wednesday.