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French PM to propose €54B budget squeeze for 2027

Sébastien Lecornu said the deficit would soar to 6.5% without any cost-cutting.

  • French PM Sébastien Lecornu proposes €54B budget cut for 2027
  • Deficit projected to exceed 5% of GDP in 2027, up from 6.5% target
  • Debt burden rising from €2.3T to >€3.5T, impacted by interest rates

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