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Markets

French government bonds under pressure after Moody's downgrade

The yield on 10-year French debt rose to more than 3%, on the first trading day after the credit rating agency unexpectedly cut France's debt rating.

Economy

Eurozone services rebound in December, but political woes linger

Eurozone services rebounded in December, lifting overall activity despite a manufacturing slump and job cuts. Germany and France remain in contraction, weighed by political uncertainty. Inflationary pressures persist, keeping the ECB's interest rate path uncertain.

Economy

French central bank expects zero growth in fourth quarter

The bank's monthly survey shows a rising uncertainty among businesses in Europe's second-biggest economy.

Europe News

Mercosur: what’s new, what's next in the deal?

The agreement reached by the European Commission contains new provisions which seek to respond to the opponents of the agreement. But the process that must follow the political agreement reached on Friday is far from a done deal for the European executive.

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Europe News

French farmers block Bordeaux port in fourth day of nationwide protest

Proponents of the EU-Mercosur deal argue it would boost economic ties between Europe and South America by removing tariffs on exports, notably for machinery, chemicals and cars. However, the deal is widely seen as not beneficial for the agricultural sector.

Culture news

Luc Besson in favour of government’s higher taxes for wealthiest

The filmmaker behind films like 'Leon' and 'The Fifth Element' states that he is in favour of the French government’s announcement regarding a “temporary and exceptional contribution” for the wealthiest households. “Shame on those rich people" he said of those who opposed the measure.

Economy

French lawmakers vote in favour of new tax on wealth of billionaires

A majority of lawmakers supported the proposition from the far-left LFI party, despite warnings from the incumbent government.

Economy

Will France's looming tax hikes force wealthy citizens to move away?

The French government is desperate to find savings of €60bn next year, part of it is going to be sourced through 'exceptional' and 'temporary' tax hikes.

Economy

France’s new PM Barnier confirms tax hikes for larger companies

Michel Barnier, France's new prime minister, has confirmed that taxes for bigger companies and richer citizens will be raised, in an attempt to plug the growing hole in the country's public finances.

Economy

France sells €12bn worth of bonds in last auction before budget

France finished its last bond offering worth €12bn on Thursday, as the country waits for Michel Barnier, the new prime minister, to announce the budget for 2025. It's expected to focus on plans to reduce France's deficit and boost investor confidence.

Business

France mulls business tax hikes: What does it mean for investors?

The new levy, if accepted by parliament, could cost more than one-fourth of the expected growth in earnings for the biggest companies traded on the French stock exchange, according to a report.

Economy

French government mulls tax increase for large companies

The executive is reportedly examining a range of plans to reduce the public deficit, including a temporary tax on companies making more than €1 billion per year.

Economy

French debt soars reinforcing concerns about its budgetary control

France's borrowing of €68.9 billion in the second quarter of 2024 has added to the country's debt pile reinforcing concerns about its budgetary control.

Economy

French and Spanish inflation dips below 2% fuelling rate cut hopes

Lower-than-expected inflation is fuelling bets for the ECB to keep cutting the benchmark interest rate in October.

Markets

French bond yield surpasses Spain's as investors mull budget woes

France's bond yield surpassed Spain's this week for the first time since 2008 as Europe's second largest economy struggles with debt.

Economy

French PM Barnier signals intention to raise taxes for the wealthy

"The French people want and need tax justice," Michel Barnier noted after his recent appointment, looking for ways to plug France's budget deficit.

Economy

Barnier faces crumbling support amid tax hike rumours

France's new Prime Minister Michel Barnier has said that the country's budget is in a "very serious" situation.

Economy

Bank of France deputy governor on the challenges central banks face

Banque de France (Bank of France) deputy governor, Agnès Bénassy-Quéré, spoke to Euronews' Angela Barnes about the challenges ahead for central banks as the latest ECB rate decision hangs in the balance.

Economy

Rising energy prices spark increase in French inflation rate

France's national public audit office has said the eurozone's second biggest economy could be significantly exposed to macroeconomic shocks, because of its €154bn public deficit and lagging public finances.

Economy

Germany's economic sentiment crashes in August, dragging eurozone down

Germany and the eurozone's economic sentiment plunged in August, driven by global trade slowdown, stock market turmoil, and Middle East tensions.