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The Independent UK
The Independent UK
National
David McHugh

France's finances are in turmoil. Here's how it came to this

France Block Everything - (Copyright 2025 The Associated Press. All rights reserved)

France's finances and politics are in turmoil. President Emmanuel Macron has just appointed his fourth prime minister in 12 months, the deficit is out of control, borrowing costs are rising and parliament can’t muster a majority to tackle spending.

It's a serious comedown for a major industrial power that has the second-largest economy in Europe.

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