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Explainer: What's next in France's political and budget crises?

The article from Reuters discusses the ongoing political and budget crises in France as of December 2024. President Emmanuel Macron's government is facing significant challenges due to a lack of a parliamentary majority, which has led to difficulties in passing the 2024 budget. The budget, which includes measures to reduce the deficit, has been met with resistance from both the left and right wings of the political spectrum. The left criticizes the budget for not doing enough to protect social services, while the right opposes the proposed tax increases. Amidst this, there's a looming threat of a no-confidence vote, which could potentially destabilize the government further. Additionally, the article mentions the broader economic context, with France's debt levels and the need for fiscal consolidation being critical issues. The political instability is compounded by public discontent over economic policies, leading to protests and strikes, particularly from sectors like education and transport. The situation is further complicated by upcoming European Parliament elections, where the performance of Macron's party could influence his domestic political strategy.

Read the Full Reuters Article at:
[ https://www.reuters.com/world/europe/whats-next-frances-political-budget-crises-2024-12-02/ ]