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flag France's central bank head calls for spending cuts, tax increases for wealthy, and a five-year fiscal tightening plan.

flag Francois Villeroy de Galhau, the head of France's central bank, advocates for spending cuts and tax increases, especially for the wealthy and large corporations, to tackle the country's significant debt. flag He suggests achieving a budget deficit target of 3% of GDP through 75% savings and 25% higher taxes. flag Villeroy emphasizes that France should adopt a five-year plan for fiscal tightening, extending beyond the previous 2027 timeline, as the current deficit stands at 5.1% of GDP.

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