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Bayrou Sets News Conference to Rally Support for €40 Billion Budget Cuts Ahead of September Protests

He presents the plan as a response to a 'mortal danger' from debt, featuring freezes, fewer public holidays, higher defense outlays.

French Prime Minister Francois Bayrou gestures during a news conference to present his first budgetary orientations for 2026, in Paris, France, July 15, 2025.  REUTERS/Abdul Saboor/File Photo
French Prime Minister Francois Bayrou leaves following the weekly cabinet meeting at the Elysee Palace in Paris, France, July 16, 2025. REUTERS/Abdul Saboor/File Photo
Calls mount in France to stage protests on September 10
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Overview

  • The Monday briefing seeks to build backing for a budget that targets more than €40 billion in spending reductions.
  • Measures proposed include scrapping two public holidays and keeping welfare benefits and tax brackets at 2025 levels in 2026 without inflation indexation.
  • Taxi drivers plan to resume demonstrations on September 5 over medical-trip compensation changes, with broader protests called for September 10 by leftist parties and some unions.
  • Bayrou argues the push is urgent as France’s deficit reached 5.8% of GDP last year, nearly double the European Union’s 3% limit.
  • Criticism from both left and right has revived the risk of a no-confidence vote, recalling the challenge that toppled Michel Barnier in late 2024.