French Finance Minister Eric Lombard says he’s confident that the government’s 2026 budget plan will be approved by lawmakers. He speaks on Bloomberg Television from Paris a day after Prime Minister Francois Bayrou proposed scrapping two national holidays as part of a wider €43.8 billion ($50.9 billion) plan to repair the nation’s public finances. Lombard also discusses the latest US-European Union trade negotiations.
00:00 Prime Minister Bayrou’s €44 billion plan to reduce France’s deficit; public holidays
02:11 “We will talk to all parties” in order to gain approval for 2026 fiscal plan
03:27 There are “many options” for stake sales; “totally on line” with spending plan
06:10 Will clarify 2026 economic forecast in September; efforts to boost growth
08:15 EU “not far” from reaching a trade deal with the US; Trump, Macron, Bessent
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24 Comments
Can socialists be fair?
If France has trouble convincing investors and the French investment case, won't Lagarde buy French government bonds like there's no tomorrow? Isn't one of the problems that there's no incentive to prioritize and be prudent?
Le Pen will make sure Bayrou will lose his job over this 🙄
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17 years ago the so called PIGS where massacred by EU and FMI because of theirs public debt!!! They had to impose hard austerity to theirs citizens and restructure! ! Nowadays 10yrs bond yield: 🇫🇷 3,39% , 🇮🇹 3,58% one of the highest in EU . Stock Exchange YTD : CAC – 5,79% , IBEX – 19,85% , DAX – 21,70% ! The silence 🤫 towards those countries have been strange…for the least ! Honestly do french people realize how serious is their economic situation ???? With investors running away ? Be brave and have the needed courage to do the needed restructuring .