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French central bank head says budget plan goes in right direction

French central bank head says budget plan goes in right direction

Reuters5 days ago
PARIS, July 17 (Reuters) - French Prime Minister Francois Bayrou's budget tightening plan announced this week goes in the right direction although some details needed to clarified, French central bank governor Francois Villeroy de Galhau said on Thursday.
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.
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Zelenskyy approves bill weakening anti-corruption bodies despite big protests
Zelenskyy approves bill weakening anti-corruption bodies despite big protests

The Guardian

time7 minutes ago

  • The Guardian

Zelenskyy approves bill weakening anti-corruption bodies despite big protests

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Labour has wrecked the economy… here's how YOU might be made to pay – from fuel duty to income tax
Labour has wrecked the economy… here's how YOU might be made to pay – from fuel duty to income tax

Scottish Sun

time36 minutes ago

  • Scottish Sun

Labour has wrecked the economy… here's how YOU might be made to pay – from fuel duty to income tax

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