France's New PM Barnier Considers Taxing Wealthy Amid Budget Crisis

Barnier urges cabinet to focus on action and respect as he navigates a fragmented parliament and looming financial challenges.

Michel Barnier, appointed as France’s Prime Minister by President Emmanuel Macron, is considering targeted taxes on the wealthy and large corporations to address a significant budget deficit.
Barnier's cabinet, formed after a snap election resulted in a hung parliament, includes a mix of Macron’s allies, conservative Republicans, and centrists, marking a shift to the right.
The far-right National Rally, led by Marine Le Pen, holds considerable influence and may push for stricter immigration and security policies in exchange for their support.
Barnier has instructed his ministers to avoid theatrics and focus on concrete actions, emphasizing respect for all citizens and political parties.
The new government faces potential instability, with both left-wing and far-right parties prepared to challenge its policies, particularly during the upcoming budget review.