MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FRANCE: Barnier Outlines Policy Agenda In Ill-Tempered Parliament Session

FRANCE
Homepagemarkets-real-timePolitical RiskCommoditiesPolitical Risk BulletCEEMEAEurozoneFrancePower BulletsGlobalEnergy BulletsBulletMarketsFixed Income BulletsForeign Exchange BulletsRegion

Speaking in the National Assembly, PM Michel Barnier lays out the policy agenda for his new gov't. Livestream (in English) here. Barnier says that a 'reduction of the deficit is part of our policy priorities...the debt pile will weigh on our children if we don't act now....the deficit is making France weaker in Europe, we have no choice but to turn around the public finances.'

  • Barnier: 'I plan to reduce the deficit to 5% of GDP in 2025 and 3% by 2029....The first remedy to reduce debt is to bring down spending...In 2025 2/3 of the turnaround effort will be driven by spending cuts'.
  • Barnier: 'The budget situation also requires targeted measures on tax policy...We will ask large companies and the richest part of the population to contribute to the effort to turn around the public finances'.
  • PM “Our taxes are among the highest in the world. The situation of our accounts requires a targeted effort limited in time. A shared effort in a demand for tax justice.”
  • Barnier: 'We will pursue our investments in nuclear energy, including new EPR reactors'.
  • Calls on deputies to look at the situation 'through lucid eyes' and asks for groups to work together. Unlikely, with leftist NFP seeking the gov'ts ouster at the soonest opportunity.
  • The PM is delivering his speech in an extremely rancorous Assembly chamber. Leftist deputies frequently shouting and trying to drown out Barnier as he outlines his policy objectives. 
236 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Speaking in the National Assembly, PM Michel Barnier lays out the policy agenda for his new gov't. Livestream (in English) here. Barnier says that a 'reduction of the deficit is part of our policy priorities...the debt pile will weigh on our children if we don't act now....the deficit is making France weaker in Europe, we have no choice but to turn around the public finances.'

  • Barnier: 'I plan to reduce the deficit to 5% of GDP in 2025 and 3% by 2029....The first remedy to reduce debt is to bring down spending...In 2025 2/3 of the turnaround effort will be driven by spending cuts'.
  • Barnier: 'The budget situation also requires targeted measures on tax policy...We will ask large companies and the richest part of the population to contribute to the effort to turn around the public finances'.
  • PM “Our taxes are among the highest in the world. The situation of our accounts requires a targeted effort limited in time. A shared effort in a demand for tax justice.”
  • Barnier: 'We will pursue our investments in nuclear energy, including new EPR reactors'.
  • Calls on deputies to look at the situation 'through lucid eyes' and asks for groups to work together. Unlikely, with leftist NFP seeking the gov'ts ouster at the soonest opportunity.
  • The PM is delivering his speech in an extremely rancorous Assembly chamber. Leftist deputies frequently shouting and trying to drown out Barnier as he outlines his policy objectives.