Mon, December 2, 2024

French government on brink of collapse over budget stand-off

The French government is facing a potential collapse due to a contentious budget standoff, as reported by The Week. President Emmanuel Macron's administration is struggling to pass the 2023 budget, which includes significant spending cuts and tax reforms aimed at reducing the deficit. Opposition parties, particularly from the left, are fiercely resisting these measures, arguing that they disproportionately affect the working class and could exacerbate social inequalities. The situation has escalated with threats of no-confidence votes from various political factions, including some from within Macron's own coalition, who are unhappy with the proposed pension reforms. This political turmoil comes at a time when France is also dealing with economic recovery post-COVID, rising energy prices, and public unrest over living costs, making the budget passage critical yet highly uncertain.

Read the Full THE WEEK Article at:
[ https://theweek.com/politics/french-government-on-brink-of-collapse-over-budget-stand-off ]