Michel Barnier's 2025 budget, including €60bn savings through spending cuts and new business/high earners taxes, faces criticism for left-wing disguise and potential no-confidence challenges.

Michel Barnier, leader of France's conservative-centrist coalition, is under scrutiny for his proposed 2025 budget, which includes €60 billion in savings through €40 billion in spending cuts and €20 billion in new taxes on businesses and high earners. Critics claim these measures disguise left-wing tax hikes as austerity. The budget aims to reduce the deficit to about 5% of GDP, exceeding the eurozone's 3% limit, and faces potential no-confidence challenges.

October 13, 2024
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