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Europe News
French government faces collapse after PM pushes through budget bill
French Prime Minister Michel Barnier used the controversial Article 49.3 of the French Consitution to force the adoption of next year's social security budget plan. In retaliation, opposition parties from the left and far right are threatening his government with a no-confidence vote.
Economy
France's 2025 budget crisis: Barnier invokes Article 49.3 - What now?
French PM Michel Barnier has invoked Article 49.3 to pass budget measures without parliamentary approval, risking a no-confidence vote. Opposition, led by Marine Le Pen, demanded the indexation of pensions to inflation. Markets react with bond spreads widening and CAC 40 falling.
Economy
Spain's manufacturing growth for November hit by Valencia flooding
Although manufacturing growth in Spain rose at a slower rate in November because of flooding, it was still above the key 50 level. Turkish manufacturing demand inched up but German and French figures failed to offer seasonal cheer.
Economy
Greek bonds mark historical milestone: Spread erased against France
Greek sovereign bonds have achieved a historic milestone, closing their yield gap against France, reflecting Greece's fiscal reforms and economic resilience. Meanwhile, French bonds face pressure from political uncertainty, rising deficits, and structural economic challenges.
Business
Apology incoming! Carrefour caught in South American beef scandal
Carrefour SA's chief executive officer (CEO), Alexandre Bompard, has said that he will be issuing a public apology to Brazil's government to smooth over a controversy sparked by the supermarket after it said that it would not be supplying South American beef to its French customers.