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The Latest Breaking News from Eric Lombard

French deficit came in lower than expected in 2024 but risks remain

The public deficit was 5.8% of GDP in 2024 instead of the expected 6%, yet the Minister of the Economy said it was "not good news".

Euronews

EU chief unveils €800bn plan to ‘rearm’ Europe

‘We are ready to step up’ says Ursula von der Leyen after US suspends military aid to Ukraine

The Guardian - UK

French Luxury Billionaire Sparks Tax Debate With Threat To Leave

Bernard Arnault, the billionaire boss of the world's biggest luxury conglomerate LVMH, has picked a fight with the French government by suggesting that companies could flee France for the United States to escape a planned tax hike.

International Business Times

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French minister rules out new taxes on households amid budget showdown

In the midst of fierce debate over the 2025 budget, which has already toppled one government, French Economy Minister Eric Lombard promised there would be no new taxes on individuals. The Senate is set to vote on the budget on Thursday.

Radio France Internationale

New government of French PM Bayrou settles in under shadow of no-confidence vote

The new government of Prime Minister François Bayrou faces a frantic fortnight as it battles to establish its credibility and fend off cross-party attempts to kill it in its infancy.

Radio France Internationale

France's new economy, budget ministers get to work on budget for 2025

The new team at the helm of France’s economy will need to begin work immediately on passing a 2025 budget, which has been in limbo since the National Assembly rejected the belt-tightening proposal from former Prime Minister Michel Barnier, which led to the toppling of his government.

Radio France Internationale

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