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French central bank governor emphasizes potential fiscal restructuring amid political uncertainty

CNBC ·

  1. 1Banque de France Governor Emmanuel Moulin said recent rises in government borrowing costs are not linked to changes in France's fiscal situation.
  2. 2Prime Minister Sebastien Lecornu said the goal is to cut spending by 54 billion euros.
  3. 3Marine Le Pen said the national deficit could be lowered to below 3% of France's GDP within 18 months after election.

So what's the key point?

The French government announced it will reduce spending by 54 billion euros. Moves are being made to lower the national deficit.

Source CNBC · View original ↗

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