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The Latest Breaking News from Antoine Armand

Michel Barnier defends budget in TV interview as government faces no confidence vote on Wednesday – as it happened

Minority government of prime minister faces near-certain defeat in a no-confidence vote that could spark crisis

The Guardian - UK

Why has France’s austerity budget caused a political storm?

Country is at risk of fresh turmoil with its government on the brink amid soaring sovereign borrowing costs

The Guardian - UK

France Says Ready For Budget Concessions To Avert 'Storm'

The French government is ready to offer concessions to parliament to pass its budget, the finance minister said Thursday, in a standoff which is causing market turbulence and risks bringing down the government of Prime Minister Michel Barnier.

International Business Times

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French Govt Ready For Budget Concessions To Avoid Financial 'Storm'

The French government is ready to offer concessions to parliament to get through its budget, the finance minister said Thursday, in a standoff which is causing market turbulence and risks bringing down the government of Prime Minister Michel Barnier.

International Business Times

Moody's downgrades France to 'negative' credit outlook

Ratings agency Moody's has downgraded France's outlook Friday evening, opening the door to a potential credit rating cut as it cited concerns over the country's finances.

Radio France Internationale

Moody's Cuts France Outlook, Opening Door To Credit Downgrade

Ratings agency Moody's downgraded France's outlook Friday, opening the door to a potential credit rating cut as it cited concerns over the country's finances.

International Business Times

France Must Make 'Credible' Progress On Deficit: Finance Minister

France must take "credible" steps to tackle its high deficit, its new finance minister said Thursday, shortly before a major credit ratings agency gives its verdict on the country's sovereign debt.

International Business Times

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France Bristles At Painkiller Maker's Sale To US Fund

French drugmaker Sanofi's Monday confirmation that it plans to sell a controlling stake in its over-the-counter unit to a US investment fund sparked a new political backlash, stoked by fears the deal marks a loss of sovereignty over key medications.

International Business Times

France could block sale of 'best-selling' drug if production doesn't stay local

France’s Economy Minister has warned that the government could block the sale of a subsidiary of the French pharmaceutical company Sanofi to a US private equity firm if it cannot guarantee that its production of paracetamol, under the name Doliprane, remains in France.

Radio France Internationale

Painkiller Sale Plan To US Gives France Major Headache

The planned sale of France's best-selling medical drug to US investors has caused the government a splitting headache after an outcry against the project from politicians on all sides.

International Business Times

Pharmaceutical giant Sanofi looks to sell consumer health unit, sparks political uproar

France's Economy and Industry ministers, Antoine Armand and Marc Ferracci, are heading to Lisieux this Monday to visit the production sites of popular headache reliever Doliprane. The visit takes place after the maker of the pill, French pharma group Sanofi, said it was in talks to sell off its consumer…

France 24

EU hails 'promising' initial budget talks with France

EU economy chief Paolo Gentiloni on Monday welcomed his "promising" discussions about France's budget with French Finance Minister Antoine Armand as Paris aims to rein in spending and bring down its deficit.

Radio France Internationale

France targets the rich with temporary tax hikes to bring down debt

France's finance minister has promised that upcoming tax hikes required to bring the country's finances back on track will be specifically targeted at high-income groups and will be temporary.

Radio France Internationale

France to consider corporate tax increase to lower budget deficit

France's new Prime Minister Michel Barnier is reportedly considering a one-off increase in corporate tax on the country's biggest companies, as the government faces a deadline on Tuesday to present a budget for 2025, which must address a spiraling deficit.

Radio France Internationale

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Radio France Internationale

France has 'one of the worst deficits' in its history, minister says

France now has "one of the worst" public deficits in its modern history, the newly-installed Minister for Economy, Finance and Industry Antoine Armand said Tuesday. He also confirmed that new taxes on the wealthy and big businesses are on the table to get finances back in order.

France 24

France's new government under pressure on multiple fronts

French Prime Minister Michel Barnier's new government is already feeling the pressure from opposition politicians on both sides amid growing threats of a no-confidence vote in parliament. Barnier's first main task is to submit a 2025 budget plan that addresses what he called France's "very serious" financial situation.

Radio France Internationale

Meet the key ministers shaping France's new government

After months of political deadlock following July’s snap elections, France has a new government. Prime Minister Michel Barnier unveiled the cabinet late Saturday, with conservatives and centrists taking the lead – signalling a shift to the right. Here's a breakdown of the key ministers.

Radio France Internationale

Tilt to right as French PM Barnier appoints government after months of deadlock

French Prime Minister Michel Barnier announced his new government on Saturday, ending months of political uncertainty after snap elections left the country with a hung parliament. The new cabinet, which takes a noticeable shift to the right, was announced after left-wing protesters took to French streets for a second wave…

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Radio France Internationale

Incoming French government under pressure on multiple fronts

French Prime Minister Michel Barnier's hard-won new government faced pressure from day one Sunday as threats of a no-confidence motion in parliament multiplied.

Radio France Internationale

Government report finds French energy sector '30 years behind schedule'

A damning parliamentary report says France has lost three decades in the race to become self-sufficient in energy supplies, and is ill-prepared for the so-called Green transition to environmentally positive sources of electricity.

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