Financial markets have allowed countries like France to get away with disrespecting the euro zone's fiscal rules for too long, economist Raphael Gallardo told CNBC Wednesday. France is among a number of euro zone member states that have failed to meet the single currency union's fiscal rules that require member states to keep budget deficits below 3% of GDP and to restrict public debts below 60%. The French government expects the budget deficit to hit 6.
Arguments between lawmakers over taxation and spending plans means France currently has no 2025 budget in place and has instead rolled over this year's fiscal plan, as political turbulence continues. Gallardo, chief economist at Carmignac, said France had not respected the rules for years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nissan and Honda Denies Merger Reports Despite Share Price SurgeNissan and Honda have denied reports of a merger despite a surge in Nissan's share price following speculation of a deal. The two companies confirmed they are discussing closer collaboration but emphasized no decisions have been made.
Source: wjxt4 - 🏆 246. / 63 Read more »
Nissan and Honda Deny Merger Rumors Despite Share FluctuationsNissan and Honda confirm discussions about closer collaboration but deny merger reports. While Nissan's share price surged after merger rumors, Honda's dipped. The news follows their August announcement to share EV components and jointly research autonomous driving software.
Source: ksatnews - 🏆 442. / 53 Read more »
Honda and Nissan Reportedly in Merger Talks Amid EV CompetitionJapanese media reports suggest Honda and Nissan are merging, aiming to strengthen their position against major electric vehicle players like Tesla and BYD. While both companies have denied the merger claims, they acknowledged exploring collaboration opportunities.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Honda and Nissan Reportedly in Merger TalksJapanese automakers Honda and Nissan are exploring the possibility of a merger to strengthen their position in the competitive automotive market.
Source: nbcchicago - 🏆 545. / 51 Read more »
Honda and Nissan in Merger Talks to Compete with TeslaJapanese automakers Honda Motor and Nissan Motor are reportedly in merger talks to bolster their competitiveness against Tesla and other electric vehicle manufacturers.
Source: CBSLA - 🏆 552. / 51 Read more »