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
23:08
Nicușor Dan argues that anyone who repressed during the Revolution has no place in a high position, but Pahonțu is not in this situation.
22:38
A commercial ship caught fire in the Black Sea. Nicușor Dan: It was hit and seems to have sunk.
22:20
Nicușor Dan, after the trilateral meeting in Chișinău: Romania, the Republic of Moldova, and Ukraine will continue collaboration in the fields of infrastructure, energy, and security.
22:01
Péter Magyar: Paks operates at maximum capacity / The nuclear power plant in Romania, previously cited as an example, has been shut down for two weeks.
21:38
UEFA has conducted the draw for the main stage of the Champions League / Liverpool and Real for Chivu
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.
International
The US stock markets have recorded major depreciations, especially in the technology sector.
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
