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FRANCE: Ministers To Sound Out w/Parl't Groups On Budget 'Sticking Points'

FRANCE
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Prime Minister Francois Bayrou's Council of Ministers met for the first time for the traditional New Year's breakfast at the Ministry of the Interior in Place Beauvau. Bayrou claimed "There is a way out" of the ongoing instability that has dogged French politics since the snap parliamentary election in summer 2024 that resulted in a deeply divided National Assembly, unable to reach agreement on passing a budget. Bayrou: "If we are united, we will be able to move a certain number of obstacles in front of us."

  • Speaking to RTL earlier, Minister of Labour, Health, Solidarity, and Families Catherine Vautrin said that "we ended 2024 without a Social Security financing bill (PLFSS) and without a finance bill. This means that in financial matters, France is operating at a minimum level. (...) This cannot continue, because quite simply, we cannot make new commitments, whatever the area,"
  • Vautrin and Minister Delegate for the Budget and Public Accounts Amélie de Montchalin will begin meetings today with leaders of all parliamentary groups in the National Assembly and the Senate in order to try to determine "sticking points" on the budget.
  • Speaking to RMC, Minister for Industry and Energy Marc Ferracci said the planned up to 14% reduction in electricity prices from 1 Feb "will depend on the adoption of the finance law", while the overseas department of Mayotte remains in urgent need of new funding to be agreed following the devastation caused by Cyclone Chido in Dec 2024. 
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Prime Minister Francois Bayrou's Council of Ministers met for the first time for the traditional New Year's breakfast at the Ministry of the Interior in Place Beauvau. Bayrou claimed "There is a way out" of the ongoing instability that has dogged French politics since the snap parliamentary election in summer 2024 that resulted in a deeply divided National Assembly, unable to reach agreement on passing a budget. Bayrou: "If we are united, we will be able to move a certain number of obstacles in front of us."

  • Speaking to RTL earlier, Minister of Labour, Health, Solidarity, and Families Catherine Vautrin said that "we ended 2024 without a Social Security financing bill (PLFSS) and without a finance bill. This means that in financial matters, France is operating at a minimum level. (...) This cannot continue, because quite simply, we cannot make new commitments, whatever the area,"
  • Vautrin and Minister Delegate for the Budget and Public Accounts Amélie de Montchalin will begin meetings today with leaders of all parliamentary groups in the National Assembly and the Senate in order to try to determine "sticking points" on the budget.
  • Speaking to RMC, Minister for Industry and Energy Marc Ferracci said the planned up to 14% reduction in electricity prices from 1 Feb "will depend on the adoption of the finance law", while the overseas department of Mayotte remains in urgent need of new funding to be agreed following the devastation caused by Cyclone Chido in Dec 2024.