France's Austerity by Stealth The French government's announcement that it will cut public spending by €54 billion next year has sparked concerns about the country's economic sustainability and social unrest ahead of the 2027 presidential election.
On the surface, this move appears to be a straightforward attempt to reduce France's deficit and get its finances back on track.
A closer look at the details reveals that Prime Minister Sébastien Lecornu's plan explicitly rules out austerity measures, which have been a hallmark of previous attempts to tackle public spending in France.