Business needs to calm down about French election, says Euronext CEO

Quick Summary:

At a press conference in Paris on Friday, the NFP outlined plans to increase spending by €25bn this year and then take the total to €150bn by 2027, which is the end of Macron’s term.

The spending will go to boost spending power for households, fight climate change, and invest in public services.“Our spending will be covered by our revenue,” said LFI’s Éric Coquerel, referring to planned tax hikes.

The European Central Bank’s chief economist last week dismissed the idea that intervention would be required in France’s government debt market after the sell-off.

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Article Details

Author / Journalist: Ian Johnston

Category: MarketsFinanceInvesting

Markets: United StatesFranceJordan

Topics: Financial Spending Week France’s Market Chief Boujnah Macron’s Party French Power

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 04:00:42 (6 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 796 words

Reading Time: 5 minutes read

Sentences: 23 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 21360000

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

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