Sánchez Seeks Early Budget Approval Amid Political Turmoil
In the midst of a politically charged environment in Spain, Prime Minister Pedro Sánchez is pushing for the approval of the 2025 Budgets by the first quarter of the year, despite facing significant challenges. The Spanish government is grappling with a serious corruption case that has put Sánchez's leadership under scrutiny, as well as a recent judicial ruling that criticized his actions against a judge. However, Sánchez and his team are engaged in discreet negotiations with various political groups, including the Canarian Coalition, to solidify support for the Budgets.
With the hope of finalizing technical discussions ahead of key congresses for parties like Junts and ERC, the government aims to present a comprehensive proposal that could lead to an approval in February 2025. The successful passage of the Budgets is seen as crucial for the stability of Sánchez's government, which faces mounting pressure from the opposition, particularly from the People's Party (PP), who claim that the government is nearing its end.
French Finance Committee Rejects 2025 Budget Proposal
In France, the Finance Committee of the National Assembly has recently rejected the first part of the 2025 Budget, reflecting the ongoing political tensions within the country. The rejection was largely driven by a coalition of parties that includes both the presidential camp and the right, highlighting the fractures within the government that Prime Minister Michel Barnier relies on.
The committee's decision, while not immediately consequential, showcases the significant amendments made to the draft budget, which included proposals for increased taxation on super profits and capital income aimed at benefiting the middle and working classes. Opposition members, however, have criticized these measures as a
