Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business
By Leigh Thomas

Macron struggles to kick France's spending habit

FILE PHOTO: France's President Emmanuel Macron and French Minister for the Economy and Finances Bruno Le Maire meet with managing directors of sovereign funds at the 6th edition of the "Choose France" Summit at the Chateau de Versailles, outside Paris, France on May 15, 2023. Ludovic Marin/Pool via REUTERS

President Emmanuel Macron has loosened labour laws and cut taxes among other reforms to transform the economy, but has not broken France's addiction to spending big to buy social peace.

Eager to turn the page on months of protests against his plans to raise the retirement age by two years to 64, Macron promised last month to cut taxes on the middle class by 2 billion euros ($2.2 billion).

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.