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Eiffel Tower closes as nationwide strikes are held across France

by Lucas Fernandez – World Editor October 2, 2025
written by Lucas Fernandez – World Editor

Eiffel⁢ Tower Shuts⁤ Doors as France Grapples with Nationwide Strikes

PARIS – The Eiffel tower closed to the public Thursday, October 2, 2025, as France experienced a fresh wave of nationwide strikes and protests against the caretaker government’s austerity⁢ measures. Demonstrations unfolded across the country, impacting transportation, energy, and tourism sectors, with protestors voicing opposition to cost-cutting policies.

The industrial ⁢action, organized by unions, follows previous large-scale demonstrations in September,‌ signaling ongoing discontent with the government’s economic direction. While‌ participation appeared lower than ‌the September 18th mobilization-which saw over 500,000 demonstrators according to ‌police ⁤and interior ministry figures, and over one million according to unions-the‍ strikes nonetheless ‍disrupted daily life for many French citizens.⁢ Teachers and healthcare workers were among ⁣those joining the protests.

Recent weeks have seen escalating ⁤tensions,including a “Block Everything” campaign⁣ the week prior,resulting in street clashes ⁣and the deployment⁢ of tear gas. A demonstrator in Paris was photographed wearing a ⁢shirt emblazoned with ⁣the image of Che Guevara during Thursday’s protests, reflecting the diverse motivations fueling the opposition. The strikes underscore⁢ a deepening challenge⁢ for the government as‌ it attempts to navigate economic pressures and address public concerns over living standards. Further⁤ demonstrations are anticipated as unions continue to press for concessions.

October 2, 2025 0 comments
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News

Jean Leonetti Presse Emmanuel Macron to validate by referendum the promises of Sébastien Lecornu

by Chief editor of world-today-news.com September 20, 2025
written by Chief editor of world-today-news.com

Leonetti ⁣Urges‍ Macron ‌to Put⁢ Decentralization Promises to Referendum

PARIS – Jean Leonetti, a ‍prominent ⁤figure in french politics, is publicly pressing ‍President ‍Emmanuel Macron ​to submit pledges made⁢ by Sébastien Lecornu ​regarding decentralization ⁣to a national referendum. The call to ​action,‍ issued September ⁤20, 2025, aims to solidify ⁣commitments to transfer greater power to local authorities.

The push for a referendum stems from Lecornu’s promises​ concerning⁤ decentralization-specifically, pledges made during discussions ‍about regional​ governance and resource⁢ allocation. Leonetti believes a public vote ⁤woudl⁢ ensure ⁣these commitments are‍ not⁤ only validated but also ‌enshrined ⁢in a manner that guarantees their implementation. This move is notably significant as ‍it ‌seeks to‍ address long-standing demands for increased regional autonomy​ and a more equitable ‍distribution of power within France.the outcome of such a referendum could reshape the ​relationship between the central government and its ​regions, impacting ⁣areas from‌ education and healthcare to infrastructure development and economic policy.

September 20, 2025 0 comments
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Business

Pierre Moscovici: Wealthy Tax Contribution for French Recovery

by Priya Shah – Business Editor September 20, 2025
written by Priya Shah – Business Editor

france’s Top Auditor​ Suggests Wealth Tax as Part of ⁤budget Solution

PARIS – ⁤Pierre Moscovici, First President of the Court of auditors, stated Friday‌ that ‌it is indeed reasonable to ask France’s wealthiest citizens to contribute to ⁢the nation’s financial‍ recovery, especially as the government aims to reduce ⁣the public deficit to a maximum of 3% of GDP by 2029.

Moscovici,speaking on Public Sénat ahead of his planned ⁢departure from the Court ⁢of Auditors at the end of⁣ the year,emphasized that simply ⁤raising taxes across the‍ board​ is not the answer,noting France already has a high‌ tax burden. “Quantitatively, it is rather towards the expenses that must be turned,” he said.

However,he acknowledged a contribution from the wealthiest‌ could⁣ address a growing ‍sense of inequality and injustice. “Let’s put that I am⁤ immensely rich: what would it cost‍ me at the bottom to say to myself: I pay​ a little for my country?” Moscovici posed,⁢ suggesting even a 1 or 2% levy wouldn’t be⁣ substantial for those with significant‍ wealth.

His comments come as the Socialist⁢ party ⁣champions the implementation of a “Zucman tax” – a 2% annual​ tax on ​fortunes exceeding⁤ 100 million ‍euros – included in the draft‌ 2026 budget. prime Minister Sébastien Lecornu is seeking to ‍pass the budget without opposition censure.

Moscovici concluded by ‍stating that “at a time when ‍all French​ people are asked to get their hands in the pocket, ⁢all ⁣French to make an effort, the richest must ⁤also contribute.”

September 20, 2025 0 comments
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Business

The degradation of the sovereign note of France increases the pressure on the Lecornu government

by Priya Shah – Business Editor September 14, 2025
written by Priya Shah – Business Editor

France Faces Heightened Scrutiny as Sovereign Credit Rating Downgrade ​Intensifies ⁤Government Pressure

Paris – A recent downgrade of France’s sovereign credit‌ rating by rating agency Standard & Poor’s (S&P)⁣ is ⁢amplifying pressure on the‍ government of Prime Minister Gabriel Attal, especially concerning its ⁣fiscal policies and economic outlook. The decision,announced‍ on September⁤ 14,2025,reflects concerns over⁤ the country’s ⁤increasing debt⁤ levels and projected budget deficits. ‍

The rating reduction-from AA to AA-signals increased risk for investors and could lead to higher⁤ borrowing‌ costs for ⁣the⁢ French state.This ⁤development arrives at a sensitive juncture for the Attal administration,already navigating a ‌complex economic landscape marked by persistent inflation and sluggish growth. The downgrade impacts not⁣ only the government’s financial flexibility but also ⁢possibly ⁤affects ⁤businesses ‌and consumers ⁢through increased interest⁢ rates on loans and mortgages. The move ⁤by S&P underscores the importance of maintaining fiscal discipline ‌and implementing structural reforms to bolster France’s long-term economic ⁢stability.

S&P cited a weakening ⁣of France’s public finances and a slower-than-expected ‌pace of fiscal consolidation ⁣as key factors driving‌ the decision. The agency projects France’s general government ​debt will remain elevated in the coming years, exceeding 110% of GDP. This ⁤assessment follows similar concerns⁢ raised by​ other rating agencies and international financial institutions.

Defense Minister⁤ Sébastien Lecornu acknowledged the ​seriousness ⁤of the situation, ⁣stating the ‍downgrade “accentuates the pressure” on the ⁢government to demonstrate its commitment to fiscal‍ responsibility.‍ The government is currently preparing its 2026 budget, which will be crucial in signaling its response to⁤ the S&P decision and restoring investor confidence.

The ‌downgrade is expected ‌to fuel⁢ debate over the⁣ government’s economic policies, with opposition parties⁣ likely to​ seize on​ the news to criticize attal’s approach. ⁤The administration‌ faces the challenge of balancing the need for fiscal consolidation with its commitments to social programs and economic growth initiatives.

September 14, 2025 0 comments
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Business

France Credit Downgrade: Political Crisis and Debt Concerns

by Priya Shah – Business Editor September 13, 2025
written by Priya Shah – Business Editor

France Loses Top-Tier Credit Rating as Political Uncertainty Mounts

PARIS – Fitch ratings downgraded france’s credit rating on Friday,stripping the country of its AAA status for the first time in over two decades,citing a weakening of public finances and escalating political risks. The move reflects growing concerns about the French government’s ability to consolidate its budget deficit and implement necessary reforms amid a backdrop of political instability and upcoming elections.

The downgrade to AA+-accompanied by a negative outlook-signals increased borrowing costs for the French government and could possibly impact investor confidence in the Eurozone’s second-largest economy. This decision arrives as France prepares to comply with revised EU fiscal rules, requiring deficit reduction as required by EU rules, by 2029. The cut underscores the challenges facing president Emmanuel Macron’s management as it navigates a complex political landscape and seeks to maintain fiscal discipline.

Fitch analysts pointed to a larger-than-expected budget deficit and a reliance on debt-fueled spending as key factors driving the decision. they also highlighted the potential for political fragmentation following the recent legislative elections, which deprived Macron’s coalition of an absolute majority, as a source of uncertainty.

Economy Minister eric Lombard acknowledged the downgrade but asserted the French economy remains robust despite its financial and political challenges. Lombard stated that Minister of the Armed Forces Sébastien Lecornu is already engaged in negotiations “to adopt a budget for the nation and continue efforts to restore our public finances.”

September 13, 2025 0 comments
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