France Introduces Aggressive Austerity Measures to Address Financial Challenges and Mounting Debt
France reveals an ambitious austerity budget under Prime Minister Michel Barnier, intending to counter a spiraling national debt exceeding €3.2 trillion. The comprehensive plan, including €60 billion in savings, higher taxes for high earners, and reduced social benefits, aims to stabilize public finances. The measures follow significant government spending of over €100 billion to mitigate the recent energy crisis impacts.
Read more
