Le Pen vows drastic cost savings to prevent French 'default'
French far-right presidential candidate Marine Le Pen said on Tuesday that she would implement €140 billion in cost savings by 2032 if elected next year, warning that without change France was "heading towards default" on its debt.
Marine Le Pen, the far-right presidential candidate, has announced plans to implement €140 billion in cost savings by 2032 if elected. She warned that without change, France is heading towards default on its debt.
Le Pen also aims to bring France's public deficit back below the EU limit of 3% of GDP by 2030. According to Free Malaysia Today, France's deficit was 5.1% of GDP last year and is forecast to hit 5.4% this year.
Le Pen urged the European Central Bank to ease the burden of interest rates. France plans to borrow €340 billion in 2027, around €28 billion more than this year, to finance government spending and repay debt.
Brief written by urgent.news from The Local France, Free Malaysia Today, France 24 — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Le Pen vows drastic cost savings to prevent French ‘default’ freemalaysiatoday.com
- Le Pen vows drastic cost savings to prevent French 'default' france24.com
- Le Pen vows drastic budget cuts to prevent French 'default' on debt lemonde.fr
