Finance minister Bruno Le Maire warned that France could lose billions in EU funds if finance plans were not adopted.
Using the same “49:3” constitutional procedure that enabled it to adopt a disputed pension reform this spring, President Emmanuel Macron’s minority government pushed through a bill that foresees bringing the deficit down to 2.7% of GDP in 2027 from 4.9% this year. Finance minister Bruno Le Maire had warned on Monday that France risked losing out on billions of euros in EU funds if lawmakers did not adopt long-term public finance plans.
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