What happened
Report Provider: Bloomberg.com
Publication Date: July 15, 2025
Executive Summary
French Prime Minister Francois Bayrou proposed scrapping two national holidays, part of a drastic effort to repair public finances that’s set to unleash a parliamentary backlash in the fall.The premier put forward the plans as he unveiled an array of measures amounting to €43.8 billion ($50.9 billion) to pare back the largest deficit in the euro area.
Other moves include a new tax on the highest earners, a freeze in pension and welfare payments at 2025 levels, and possible sales of the state’s stakes in companies.
Source coverage
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法国提议削减公共假日以应对预算赤字
Deeper analysis
Full source content
French Prime Minister Francois Bayrou proposed scrapping two national holidays, part of a drastic effort to repair public finances that’s set to unleash a parliamentary backlash in the fall.The premier put forward the plans as he unveiled an array of measures amounting to €43.8 billion ($50.9 billion) to pare back the largest deficit in the euro area.
Other moves include a new tax on the highest earners, a freeze in pension and welfare payments at 2025 levels, and possible sales of the state’s stakes in companies.
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