Latest news with #Prime Minister
South China Morning Post
3 hours ago
- Business
- South China Morning Post
France considers cutting national holidays to ease debt burden
France's Prime Minister Francois Bayrou said Tuesday he wanted to reduce the number of public holidays in France as part of a bid to tackle what he called the 'curse' of his country's debt. Presenting 2026 budget proposals, Bayrou said two out of France's 11 national holidays could go, suggesting Easter Monday and May 8, a day that commemorates the end of World War II in Europe. Such a measure would bring France into line with Germany's nine national – although federal states can add their own – and take it well below Italy's 12 days. After years of overspending, France is on notice to control its public deficit and cut its sprawling debt, as required under EU rules. French Prime Minister Francois Bayrou. Photo: Reuters Bayrou said France had to borrow each month to pay pensions and the salaries of civil servants, a state of affairs he called 'a curse with no way out'.
Washington Post
14 hours ago
- Business
- Washington Post
France's prime minister wants to cut 2 public holidays to save money for the indebted economy
PARIS — France's prime minister proposed on Tuesday the elimination of two public holidays from the country's annual calendar — possibly Easter Monday and the day marking the Allied victory over the Nazis — to save money in next year's budget. That's among a raft of spending cuts laid out by Prime Minister Francois Bayrou in a sweeping, and potentially doomed, budget plan. He argued that removing two state holidays would bring in tax revenues generated from economic activity, contributing to around 44 billion euros ($51.3 billion) in overall savings.
Bloomberg
17 hours ago
- Business
- Bloomberg
French Premier Says Country on Cliff Edge as Debt Soars
France is on the cliff edge as its debt continues to balloon, Prime Minister Francois Bayrou said on Tuesday as he set out plans to sharply narrow the budget deficit next year. 'We have a duty to take responsibility, we're at the last stop before the cliff,' the premier said Tuesday at a press conference in Paris to outline his fiscal strategy. 'We have become addicted to public spending.'
CTV News
a day ago
- Business
- CTV News
CTV National News: Questions over Mark Carney's financial assets
Watch Prime Minister Mark Carney has now disclosed a fuller picture of his financial assets to the ethics commissioner. Judy Trinh takes a closer look.
Washington Post
2 days ago
- Politics
- Washington Post
Cambodia will start military conscription next year as tensions with Thailand persist
PHNOM PENH, Cambodia — Cambodia's Prime Minister Hun Manet said Monday that his country will implement military conscription starting next year, in an announcement that coincides with persistent border tensions with Thailand . Relations between the neighbors have deteriorated sharply following an armed confrontation on May 28 in which one Cambodian soldier was killed in one of several small contested patches of land.
