US EditionFrance's Socialists threaten to oust government amid fraught budget talks
- Prime Minister Sebastien Lecornu secured Socialist backing to keep his budget alive, as France's starkly divided National Assembly gives the Socialists power to avert government collapse.
- Olivier Faure reiterated long-standing calls for a billionaires' tax, saying France's Socialist Party wants the budget to raise between 15 billion and 20 billion euros and protect retirees, young people and families.
- On Friday, Olivier Faure warned, `We have made an effort not to censure the prime minister, but so far we have not seen any sign of a willingness to compromise`, threatening a no-confidence vote if no change by Monday.
- A formal vote on November 4 will decide income measures as weakening business activity and an S&P Global downgrade raise the risk Moody's may also downgrade French debt.
- More than 30 billion euros in cuts are planned for next year to hit a 4.7% fiscal deficit, framing Socialist demands for higher revenues and risking political instability.
45 Articles
45 Articles
French government faces no-confidence threat by Socialists amid budget talks
'If in the next few hours, roughly until next Monday, there is no significant progress on the text, there will be no room for maneuver on the 2026 finance bill,' Socialists' leader says - Anadolu Ajansı
DECRYPTAGE - Before a week-end of budget debate which is expected to be particularly tense in the Chamber, the Socialist cadres threatened to table a motion of censure next week.
InsideNoVA.com
French government faces threat of censure over wealth tax
France's prime minister on Friday urged lawmakers to reach a compromise to pass an austerity budget, after leftists threatened to oust his government if it did not include a tax on the very wealthy.
A few hours before the text was examined in the Chamber, the PS raised pressure on Sebastien Lecornu to demand more tax justice, which would put their opponents to blame.
France's Socialists Threaten to Oust Govt Amid Fraught Budget Talks
France's Socialists have threatened to topple the government by Monday if their budget conditions are not met, saying on Friday they would file a no-confidence bill early next week if billionaires are not forced to pay more tax.
France’s Socialists Threaten to Oust Government by Monday Amid Fraught Budget Talks
France's Socialists have threatened to topple the government by Monday if their budget conditions are not met, saying on Friday they would file a no-confidence bill early next week if billionaires are not forced to pay more tax. "We have made an effort not to censure the prime minister, but so far we have not seen any sign of a willingness to compromise," Socialist party leader Olivier Faure told BFM on Friday. "If there is no change by Monday,…
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