The Paris stock exchange opened lower, affected by political uncertainties related to Prime Minister Francois Bayrou's austerity plan.
Lara Maior
Economy
cunaplus/ Shutterstock.com
Always see our news on Google
The Paris stock exchange opened Tuesday's session with a significant decline, the CAC 40 index recording a drop of 1.91%. The shares of banks, such as BNP Paribas and Societe Generale, were affected by the political uncertainty generated by the confidence vote that Prime Minister Francois Bayrou will request in front of parliament for his budget austerity plan. If he does not obtain the vote, the government could resign, causing a new political crisis. France is facing a budget deficit of 5.4% of GDP and needs austerity measures to reduce it.
Sources
Latest News
22:59
Two unvaccinated people from Pennsylvania have died from measles, marking the first time in 35 years that deaths from this cause have been recorded.
22:52
Mihailo Fedorov, former Minister of Defense, warns that Ukraine is losing the war against Russia and has a limited window to make strategic decisions.
22:45
Prime Minister Bolojan: The allocations and scholarships for students remain unchanged
22:37
23% progress in the modernization of DJ 102I Valea Doftanei – Brădet
22:33
Ilie Bolojan states that the PSD will be responsible for the non-adoption of the unitary salary law, warning about the financial pressures that will arise in its absence.
See more news
NEWS ON THE SAME TOPICS
.webp)
International
France risks not reaching the budget deficit target of 5% of GDP by 2026, after lowering the economic growth forecast.
International
The International Monetary Fund warns that France's public debt could reach 122% of GDP without additional fiscal measures.
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
