MNI: GERMANY NOVEMBER FLASH HICP -0.7% M/M (FCST: -0.5%)

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI BRIEF: China Sees Progress On EU EV Deal

MNI: PBOC Net Drains CNY279.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1894 Thurs; -1.38% Y/Y

MNI BRIEF: Bank of Korea Cuts Policy Rate to 3.00%: Press

MNI: GERMANY NOV CPI +2.2% Y/Y

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: GERMANY NRW NOV CPI -0.3% M/M, +1.9% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

FRANCE: RN Leader Outlines More Red Lines After PM's Budget Concession

FRANCE
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletCEEMEAEurozoneFranceBulletMarketsFixed Income BulletsForeign Exchange Bullets

In a statement on social media, far-right Rassemblement National (RN) leader Jordan Bardella hails the U-turn from the gov't of PM Michel Barnier on the removal of electricity tax caps from the budget, and claims that his party has "won a victory" but will seek further concessions from the gov't before it withdraws the threat of supporting a censure motion. 

  • Bardella: "...we cannot stop there. Other red lines remain. The Prime Minister must also abandon the additional reimbursement of medicines, [...] there must be a moratorium on any new creation or increase in taxes and duties, strong measures in favour of the competitiveness of [small businesses], and the reindexation of pensions from 1 January. A serious crackdown on migration and criminal law must be undertaken, [...]. These common sense measures are realistic, quickly applicable and expected by an immense majority of French people. The Prime Minister cannot remain deaf to them. He has a few days left."
  • Bardella's listing of a swathe of other objectives marks another risk to the Barnier gov't. Having forced the gov't to give in on the electricity tax caps, the RN could run rampant through the remainder of the budget in order to gain the party's approval. This in turn could see the EU's previous approval of the budget plan as 'credible' altered if spending reductions are scrapped en masse. 
224 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.

In a statement on social media, far-right Rassemblement National (RN) leader Jordan Bardella hails the U-turn from the gov't of PM Michel Barnier on the removal of electricity tax caps from the budget, and claims that his party has "won a victory" but will seek further concessions from the gov't before it withdraws the threat of supporting a censure motion. 

  • Bardella: "...we cannot stop there. Other red lines remain. The Prime Minister must also abandon the additional reimbursement of medicines, [...] there must be a moratorium on any new creation or increase in taxes and duties, strong measures in favour of the competitiveness of [small businesses], and the reindexation of pensions from 1 January. A serious crackdown on migration and criminal law must be undertaken, [...]. These common sense measures are realistic, quickly applicable and expected by an immense majority of French people. The Prime Minister cannot remain deaf to them. He has a few days left."
  • Bardella's listing of a swathe of other objectives marks another risk to the Barnier gov't. Having forced the gov't to give in on the electricity tax caps, the RN could run rampant through the remainder of the budget in order to gain the party's approval. This in turn could see the EU's previous approval of the budget plan as 'credible' altered if spending reductions are scrapped en masse.