Tag Archives: French reforms

New French deficit spending comes amid heated budget discussions between Brussels and Rome.The French President, Emmanuel Macron, has responded to the “yellow vest” protests with a dose of fiscal easing, mainly by bringing forward already planned measures. The spending package has four main building blocks: a tax exemption to incentivise employers for overtime pay; a tax break on overtime pay; a EUR100 increase in the minimum monthly wage; and  the cancellation of the 1.7% surcharge on...

Macronomics could well accelerate the closing of the growth gap with Germany and improve the outlook for French equities.The first major piece of President Emmanuel Macron’s agenda, the business- friendly labour market reform, was signed into law last month. Some Macron measures may have adverse effects in the short term and some others are not fully financed and difficult to quantify, but overall they should boost purchasing power, investment and productivity. The government has been...