
French central bank head says budget plan goes in right direction
Bayrou proposed on Tuesday scrapping two public holidays and freezing most public spending as part of a 43.8 billion euro ($51 billion) budget squeeze to get the deficit down next year.
In reaction, Villeroy said that some savings measures remained to be documented in detail and debated in parliament, where opposition parties were quick to criticize the package.
"Subject to this important reservation, the general direction seems to be moving in the right direction to finally bring our public debt under control, while preserving growth by reducing budgetary uncertainty and pursuing certain fundamental reforms," Villeroy told journalists.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
26 minutes ago
- Reuters
UK's IG Group beats annual profit estimates, launches $170 million buyback
July 24 (Reuters) - British online trading platform IG Group (IGG.L), opens new tab beat full-year pre-tax profit expectations and launched a 125-million-pound ($169.56 million) share buyback programme on Thursday, driven by a surge in trading volumes amid recent market turbulence. The company's adjusted pre-tax profit came in at 535.8 million pounds ($726.81 million) for the year ended May 31, compared with analysts' expectations of 523.5 million pounds, according to a company-compiled poll. ($1 = 0.7372 pounds)


Reuters
29 minutes ago
- Reuters
Wizz Air misses profit estimates, delays fleet return to 2027
July 24 (Reuters) - Budget carrier Wizz Air on Thursday missed first-quarter profit estimates as it struggled with plane groundings due to issues with RTX's (RTX.N), opens new tab Pratt and Whitney engines, and pushed back the timeline for the grounded fleet to return to air to 2027. The carrier said existing issues had been compounded by "poorer than specified" performance of the GTF engines, leading to significantly lower time on wing before needing an inspection. Wizz said it had 41 aircraft grounded due to GTF engine-related inspections as of June 30, and now expects its grounded fleet to return to the air a year later than it had earlier predicted. The carrier reported an operating profit of 27 million euros ($31.78 million) for the three months to June 30, much lower than the 87 million euros projected by analysts polled by LSEG, and down 38.3% from a year ago.


Reuters
29 minutes ago
- Reuters
UK's ITV says half-year beats forecasts
LONDON, July 24 (Reuters) - British broadcaster ITV (ITV.L), opens new tab said its performance came in ahead of forecasts for the first-half, a period which saw revenue drop 3% year-on-year, reflecting a comparative against 2024 which benefited from the Men's Euros soccer tournament.