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France News Today

French news in English

Friday, September 20, 2024

France's Fiscal Crisis Sparks Political Tension

Published: 2024-09-18

In France, the political landscape is tense as Prime Minister Michel Barnier faces scrutiny over potential tax increases amidst a dire fiscal situation.

Barnier, from the Les Républicains party, is under pressure to clarify his fiscal policies, especially concerning tax hikes, as he attempts to form a coalition government.

The former Prime Minister, Gabriel Attal, now leading the Ensemble pour la République group, has expressed concerns about Barnier's opaque strategies and the lack of clear political direction.

Attal's group, a significant force in the National Assembly, has threatened to withdraw support if tax increases are pursued.

Meanwhile, Barnier is tasked with addressing a substantial budget deficit, estimated between 20 to 30 billion euros, which may necessitate difficult financial decisions.

The political tension is further heightened by calls from various parties to reduce state spending and improve fiscal responsibility.