As mounting debt payments are on track to surge in the years ahead, France cannot delay budget cuts, the government’s independent auditor told a press briefing.
Tag: France
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TOP TREND 2025, DRAGFLATION: EUROZONE ECONOMY FLATLINED IN FOURTH QUARTER
The Eurozone’s economy stagnated in 2024’s final three months as GDPs in France, Germany, and Ireland contracted.
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CHAD ENDS DEFENSE AGREEMENT WITH FORMER COLONIZER FRANCE
Chad announced last week that it will end its defense agreement with France, its former colonial power, which was seen as the latest blow for Paris in Africa.
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AS FORECAST: EUROPEANS TURN TO POPULISTS AS THEIR COUNTRIES GO TO SHIT
Countries like France and Germany have seen a recent rise in populist political parties that were once written off as archaic extremists but have been picking up seats in governments because of a growing public frustration with the political establishment.
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EUROZONE’S SECOND-QUARTER GROWTH MISSES ESTIMATE
The economic output of the 20-country Eurozone grew just 0.2 percent in this year’s second quarter, Eurostat, the European Union’s statistics agency, reported after previously estimating a 0.3-percent expansion.
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POLITICAL TURMOIL SPARKED BY ECONOMIC ANXIETIES, REPORT SAYS
Economic hardship in various countries across the globe has contributed to massive political unrest that has resulted in killings, violent protests, and material damage.
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GLOBAL MANUFACTURING SHOWED MIXED RESULTS IN JUNE
Europe’s manufacturing activity stumbled in June, with the Hamburg Commerce Bank’s purchasing managers index (PMI) for the region sinking to 45.8 after notching 47.3 in May.
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U.S. REJECTS GLOBAL TAX ON BILLIONAIRES, YELLEN SAYS
The U.S. does not support a plan proposed by Brazil and supported by France and several other countries to impose a global tax on billionaires, treasury secretary Janet Yellen said last week.
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FRANCE RAMPS UP UKRAINE WAR WITH NEW AID PACKAGE
Emmanuel Macron, the French president intent on playing an important role in Europe’s response to Russia’s invasion of Ukraine, announced last week that Paris will provide Kyiv with another military package that was previously unannounced as Russian forces seize more territory in the north.
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FRANCE DECLARES STATE OF EMERGENCY IN ITS NEW CALEDONIA COLONY
France announced a state of emergency last week in New Caledonia, an island off the coast of Australia that has faced a violent uprising after Paris pushed plans for electoral reforms in its overseas territory... i.e., colony.
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