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Fall of government leaves France without clear path on cutting deficit -S&P

The article from MSN discusses the political instability in France following the fall of Prime Minister Elisabeth Borne's government, which has left the country without a clear strategy to address its budget deficit. This situation arose after President Emmanuel Macron's decision to dissolve parliament and call for new elections, prompted by his party's poor performance in recent European elections. The lack of a stable government has raised concerns about France's ability to implement necessary fiscal reforms, especially as the country faces pressure to reduce its deficit to meet EU fiscal rules. Standard & Poor's (S&P) has highlighted the uncertainty, noting that without a clear majority, France might struggle to pass legislation aimed at reducing the deficit, which could impact its credit rating. The political vacuum has also led to speculation about potential alliances or coalitions, with parties like the far-right National Rally gaining ground, further complicating the economic policy landscape.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/fall-of-government-leaves-france-without-clear-path-on-cutting-deficit-s-p/ar-AA1vjvrS ]

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