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French deficit worsens to 'very rare' level

France's budget deficit overshot forecasts in 2023, official figures showed Tuesday, undermining President Emmanuel Macron's pledge to bring national finances back on track within the next four years.- 'Meltdown' - Le Maire said Tuesday he stood by France's objective of bringing the deficit back below three percent of GDP by 2027, promising his "total determination" to do so.
Pierre Moscovici Bruno Le Maire Marc Touati Jean Francois Husson Eric Ciotti Le Maire
Source: yahoo.com

Out of Time? Why French president Emmanuel Macron is receiving flak over a watch

Frances Emmanuel Macron is under fire for taking off a luxury watch in the middle of an interview regarding his controversial pension reforms. The incident has earned him the wrath of the people, with many criticising him again of being the president of the rich
United States France General Gerald Darmanin Bell Ross Associated Press French President Emmanuel Macron

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Macron's pension reform gains risk social pain

President Emmanuel Macron’s plans to raise the retirement age by two years may deliver meagre economic and financial gains over time, but come at the cost of infuriating unions and aggravating workers already stung by the inflation crisis. His prime minister, Elisabeth Borne, pitched the reform on Tuesday as a financial
Leigh Thomas Laurent Berger Remi Bourguignon Andrew Kenningham International Monetary Fund Labour Ministry

ANALYSIS-Macron's pension reform gains risk social pain

Borne said the government would also accelerate plans to extend the pension contribution period to 43 years but offered concessions including a minimum pension payout of 1,200 euros a month to win support among conservative lawmakers. The reform is most likely to affect those people who started work early, hitting the middle class particularly hard just as many are struggling with high inflation and a cost-of-living crisis, said economist Mathieu Plane with the OFCE research institute.
Laurent Berger Remi Bourguignon Andrew Kenningham International Monetary Fund Labour Ministry European Union

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