French Election Pledges Risk Pushing Country Deeper into Debt

Reported 8 months ago

French political parties are making costly promises ahead of the upcoming parliamentary election, including cutting gasoline taxes, allowing earlier retirement, and increasing wages. These expensive campaign pledges could strain the government budget, raise interest rates, and strain France's relationship with the European Union. The pledge costs could reach tens of billions of euros annually, with the potential to impact the economy and public finances significantly.

Source: YAHOO

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