Another prime minister gone in France: How a budget deficit became a political crisis

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People & Profit

FRANCE 24 English

23 episodes

4 days ago

The business show that goes beyond the numbers and the corporate jargon! We break down major business stories and look at how they affect our lives. Thursday at 4:45pm Paris time.

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The business show that goes beyond the numbers and the corporate jargon! We break down major business stories and look at how they affect our lives. Thursday at 4:45pm Paris time.

News

Another prime minister gone in France: How a budget deficit became a political crisis

People & Profit

12 minutes 49 seconds

3 months ago

Another prime minister gone in France: How a budget deficit became a political crisis

French PM François Bayrou submitted his resignation on Tuesday after losing a confidence vote in parliament. He had gambled on a budget demanding over €40 billion in savings. The plan would have frozen welfare benefits, cut civil-service jobs and scrapped two public holidays. President Emmanuel Macron then named Sébastien Lecornu, a longtime ally, as France's new prime minister to pick up the mantle of trying to pass a budget through a divided parliament. So where does the country's economy stand now? Charles Pellegrin discusses this and more with Alexandra Roulet, associate professor of economics at INSEAD.