Particle.news

Download on the App Store

Medef's REF Opens at Roland-Garros as Bayrou Faces Perilous Confidence Vote

France's leading employers warn political turbulence is eroding confidence in the path to reduce the deficit.

Le patron du Medef Patrick Martin, à Paris, le 30 juillet 2025

Overview

  • The two-day Rencontre des Entrepreneurs de France began with Prime Minister François Bayrou set to seek a confidence vote on 8 September that he currently appears likely to lose.
  • Medef president Patrick Martin said uncertainty is not good for the economy and issued an appeal for political responsibility, noting the group represents 240,000 companies employing 12 million people.
  • Finance chief Eric Lombard and public accounts minister Amélie de Montchalin said they will still work to produce a 2026 budget through negotiations with opposition forces, with the Socialist Party again viewed as the decisive pivot.
  • Business leaders highlight a 2024 public deficit of 5.8% of GDP and back the government's €44 billion deficit-reduction effort, while noting firms are contributing about €13 billion this year including a temporary corporate tax increase.
  • The program features ministerial interventions, a Thursday address by Bayrou, and a closing debate of major party leaders, as Martin cautions that sharply higher taxes on the wealthy could prompt capital and talent flight.