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France budget strains seen as weighing on Eurozone fiscal outlook

BBH said France’s minority deficit plan targeting a 5.0% of GDP deficit next year may face parliamentary hurdles.

Reported · Written up by our desk · Major Pairs

Brown Brothers Harriman’s Elias Haddad warned that France’s budget crisis is deepening and complicating Eurozone fiscal dynamics, citing parliamentary hurdles for the country’s minority government deficit-reduction plan.

According to FXStreet, the plan aims to cut France’s deficit to 5.0% of GDP next year, but the fiscal watchdog has questioned the assumptions as optimistic, and BBH doubts the proposal will clear parliament without significant concessions.

BBH also flagged that a likely rollover of the 2026 budget could push the deficit higher, moving France further from its EU commitment to bring the deficit below 3.0% of GDP by 2029.

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