Michel Barnier Declares 'Very Serious' Budgetary Situation in France
Prime Minister Michel Barnier has raised concerns about the country's financial health, labeling the budgetary situation as 'very serious.' In a statement released on September 18, Barnier emphasized the need for a thorough assessment of the current fiscal reality, stating, "This situation deserves better than little phrases. It demands responsibility." His comments come amidst growing tensions within the Macronist ranks regarding potential tax increases.
Postponed Meeting with Macronist Group
A crucial meeting between Barnier and the Macronist group Ensemble pour la République (EPR) scheduled for Wednesday morning has been postponed, leaving many questions unanswered about the government's direction. Barnier's team has not provided a new date for the meeting, which was intended to address the pressing budgetary concerns. The Prime Minister's focus remains on forming a balanced government that can effectively tackle the challenges facing France.
A Shift in Tax Policy?
The prospect of tax increases has startled many within Barnier's political family, Les Républicains, and his Macronist allies. After seven years of tax cuts, the suggestion of raising taxes has created friction among lawmakers who are wary of the implications for their political support. Barnier, however, insists that improving the standard of living for the French people and steering the country back toward economic growth must take precedence. He acknowledges that France already holds one of the highest tax burdens in Europe, complicating the discussion around fiscal policy.
