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3mo ago

Bayrou advances budget cuts as taxi drivers extend sporadic protests

Technical talks through June have failed to satisfy taxi unions, pressing the government to finalize a detailed recovery blueprint in early July.

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Une première réunion doit avoir lieu à partir de 09H15 mardi en présence des cabinets des ministres de l’Intérieur et du Travail.
François Bayrou après une réunion avec les représentants des chauffeurs de taxi au ministère des transports, à Paris le 24 mai.

Overview

  • The government seeks €40 billion in spending cuts for 2026 to reduce the deficit from 5.4% to 4.6% of GDP.
  • Prime Minister François Bayrou will unveil a multi-year fiscal recovery plan before mid-July that will call for shared sacrifices and may include a ‘social TVA’ to bolster Social Security funding.
  • Taxi unions have extended their week-long strike after this week’s government meetings were deemed insufficient, and they plan more sporadic actions ahead of technical discussions scheduled through June 11.
  • A new patient transport convention due October 1 will set a €13 base payment plus a per-kilometer rate, targeting €300 million in savings over three years.
  • The Cour des Comptes warned that unchecked deficits in the Social Security system could lead to a liquidity crisis by 2027.