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FRANCE: Ratings downgrade is a blow to Macron
The vote comes a year after the centre-right New Democracy (ND) party of Prime Minister Kyriakos Mitsotakis was comfortably re-elected in the country’s parliamentary polls…
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DOI: 10.1108/OXAN-DB287516
ISSN: 2633-304X
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The government is highly dependent on steady GDP growth to meet its pledges on deficit-reduction and tax cuts. It was forced to implement EUR10bn (USD10.7bn) in emergency cuts in…
FRANCE: Credit rating challenges will persist
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DOI: 10.1108/OXAN-ES286730
ISSN: 2633-304X
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Banks in larger EU states are heavily exposed to European and US CRE markets, which have further to fall in 2024. Writedowns are underway, dealing a blow to sentiment and harming…
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DOI: 10.1108/OXAN-DB286071
ISSN: 2633-304X
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As a result of dwindling tax revenue, he also said that state spending would be cut by EUR10bn (USD10.8bn). The government’s forecast for this year is more optimistic than…