US EditionIran crisis costs France up to 6 billion euros, says minister
- The war in the Middle East could cost the French budget up to 6 billion euros, according to Finance Minister Roland Lescure.
- The economic impact of this crisis is uncertain, with significant effects on public finances.
- Since the conflict began, higher government borrowing costs have increased France's budget burden by 3.6 billion euros.
- Prime Minister Sebastien Lecornu plans to introduce new measures to assist consumers affected by rising energy prices, especially those who depend on vehicles for work.
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39 Articles
Business - France freezes some spending to offset €6 billion fallout from Iran war
France says the economic fallout from the Iran war has cost France at least 6 billion euros, as the government has rolled out support measures for businesses and households, increased defence spending and faced surging borrowing costs. To offset this while meeting its budget deficit target, officials say a freeze in some spending is necessary. Plus, Kevin Warsh, President Trump's pick for the next chairman of the Federal Reserve, faced a grillin…
The government is about to launch a new fiscal plan. A screw trick directly linked to the American-Israeli offensive in the Middle East Nearly €6 billion in savings: c
ledauphine.com
According to the information of the EBRA group (of which our newspaper is part), the conflict in the Middle East causes an additional cost of 200 million euros per month to the French army.
DECRYPTAGE - To finance fuel aid and compensate for war-related expenditures in the Middle East, the executive could cut $4 billion in the state budget and $2 billion in the security budget.
The government intervenes in order to keep the accounts under control. But the front of those who ask for concrete measures against the expensive fuels grows.
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