Le Pen Vows Drastic Cost Savings to Prevent French 'Default'
- Marine Le Pen said the National Rally would seek €140 billion in net savings by 2032 if elected, warning that France was “heading towards default” without political change.
- Le Pen said her plan would restore a primary budget balance within 18 months and reduce France’s deficit below the European Union’s 3% limit by 2030.
- Her proposals include cutting public spending, changing or reviewing pensions, reducing production taxes, and lowering France’s annual net contribution to the European Union budget to €5 billion.
- French bond yields briefly fell during Le Pen’s speech, but critics said she had not clearly explained where all the savings would come from.
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Le Pen Unveils €140 Billion Plan to Cut French Debt, Reduce Taxes and Reverse Macron’s Economic Policies
Marine Le Pen and Jordan Bardella have proposed sweeping government spending reductions, tax relief and immigration restrictions as France confronts mounting debt, rising borrowing costs ... The post Le Pen Unveils €140 Billion Plan to Cut French Debt, Reduce Taxes and Reverse Macron’s Economic Policies first appeared on [your]NEWS.
MichaelSavage.com – Le Pen, Bardella Lay Out Economic Agenda for ‘Rebirth’ of France After Macron ‘Disaster’
France is on the precipice of the “abyss”, National Rally leader Marine Le Pen warned as she and her deputy Jordan Bardella presented their party’s financial plan to avert the looming debt crisis and revive the country’s economy. Speaking from party headquarters in Paris on Tuesday, presidential candidate Marine Le Pen — the current favourite…
If elected French president, Marine Le Pen promises net savings of €140 billion over five years, while also campaigning on a €30 billion tax cut and a lower retirement age. France has one of the highest deficits (5.4%) and debt ratios (119%) in Europe.
To prove to the financial markets that she definitely has nothing "socialist", Marine Le Pen starts a remarkable liberal conversion by stacking budget cuts and approving pensions (for part) by capitalization. This great lesson in pragmatism is welcome, while the high school crisis is judiciously illuminated by Donald Trump's very fine analysis... L'article Economy: no, Marine Le Pen is not "socialist" appeared first on Causeur.
More than the expected criticisms of their political opponents, the RN also faces the perplexity of the economic world, not really convinced by its proposals.
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