The Fort Worth Press - French PM proposes cutting national holidays to cut debt

USD -
AED 3.672498
AFN 66.135424
ALL 82.428003
AMD 381.697608
ANG 1.790403
AOA 917.000333
ARS 1440.719298
AUD 1.503556
AWG 1.8
AZN 1.698617
BAM 1.6671
BBD 2.013298
BDT 122.155689
BGN 1.666095
BHD 0.376959
BIF 2954.536737
BMD 1
BND 1.290974
BOB 6.906898
BRL 5.403152
BSD 0.999616
BTN 90.396959
BWP 13.244683
BYN 2.94679
BYR 19600
BZD 2.010374
CAD 1.37658
CDF 2240.000343
CHF 0.795735
CLF 0.023238
CLP 911.629427
CNY 7.054505
CNH 7.041445
COP 3801.6
CRC 500.023441
CUC 1
CUP 26.5
CVE 93.988535
CZK 20.66805
DJF 178.007927
DKK 6.35678
DOP 63.547132
DZD 129.654932
EGP 47.449851
ERN 15
ETB 156.189388
EUR 0.850931
FJD 2.253797
FKP 0.748248
GBP 0.74691
GEL 2.70203
GGP 0.748248
GHS 11.474844
GIP 0.748248
GMD 73.000007
GNF 8692.206077
GTQ 7.656114
GYD 209.124811
HKD 7.78223
HNL 26.31718
HRK 6.410897
HTG 131.023872
HUF 327.803501
IDR 16673.45
ILS 3.20699
IMP 0.748248
INR 90.72575
IQD 1309.438063
IRR 42122.494452
ISK 126.299846
JEP 0.748248
JMD 160.047735
JOD 0.708952
JPY 154.966501
KES 128.950385
KGS 87.449685
KHR 4002.062831
KMF 419.501996
KPW 899.999687
KRW 1464.35502
KWD 0.30682
KYD 0.833039
KZT 521.320349
LAK 21670.253798
LBP 89512.817781
LKR 308.871226
LRD 176.427969
LSL 16.864406
LTL 2.95274
LVL 0.60489
LYD 5.429826
MAD 9.19607
MDL 16.897807
MGA 4428.248732
MKD 52.4169
MMK 2099.265884
MNT 3545.865278
MOP 8.015428
MRU 40.004433
MUR 45.950131
MVR 15.398937
MWK 1733.36743
MXN 17.978805
MYR 4.0925
MZN 63.910031
NAD 16.864406
NGN 1451.530241
NIO 36.789996
NOK 10.13585
NPR 144.638557
NZD 1.725615
OMR 0.384498
PAB 0.999595
PEN 3.365397
PGK 4.308177
PHP 58.924995
PKR 280.140733
PLN 3.59277
PYG 6714.401398
QAR 3.643004
RON 4.335502
RSD 99.943984
RUB 79.121636
RWF 1454.886417
SAR 3.752081
SBD 8.176752
SCR 14.658273
SDG 601.499594
SEK 9.28439
SGD 1.288906
SHP 0.750259
SLE 24.125013
SLL 20969.503664
SOS 570.259558
SRD 38.547979
STD 20697.981008
STN 20.880385
SVC 8.746351
SYP 11056.681827
SZL 16.85874
THB 31.431503
TJS 9.186183
TMT 3.51
TND 2.922143
TOP 2.40776
TRY 42.701498
TTD 6.783302
TWD 31.318031
TZS 2482.490189
UAH 42.236116
UGX 3552.752147
UYU 39.226383
UZS 12042.534149
VES 267.43975
VND 26320
VUV 121.127634
WST 2.775483
XAF 559.141627
XAG 0.015656
XAU 0.00023
XCD 2.70255
XCG 1.801522
XDR 0.695393
XOF 559.141627
XPF 101.655763
YER 238.499715
ZAR 16.776101
ZMK 9001.197187
ZMW 23.065809
ZWL 321.999592
  • RIO

    -1.0800

    75.66

    -1.43%

  • CMSC

    -0.1300

    23.3

    -0.56%

  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.0000

    81.17

    0%

  • BCC

    0.2500

    76.51

    +0.33%

  • RYCEF

    -0.2500

    14.6

    -1.71%

  • BTI

    -1.2700

    57.1

    -2.22%

  • NGG

    0.2400

    74.93

    +0.32%

  • BCE

    0.3100

    23.71

    +1.31%

  • CMSD

    -0.1500

    23.25

    -0.65%

  • RELX

    0.1000

    40.38

    +0.25%

  • GSK

    -0.0700

    48.81

    -0.14%

  • JRI

    -0.0200

    13.7

    -0.15%

  • VOD

    0.0500

    12.59

    +0.4%

  • BP

    -0.2700

    35.26

    -0.77%

  • AZN

    -0.4600

    89.83

    -0.51%

French PM proposes cutting national holidays to cut debt
French PM proposes cutting national holidays to cut debt / Photo: © AFP

French PM proposes cutting national holidays to cut debt

Prime Minister Francois Bayrou said Tuesday he wanted to reduce the number of public holidays in France as part of a bid to tackle what he called the "curse" of his country's debt.

Text size:

Presenting 2026 budget proposals, Bayrou said two out of France's 11 national holidays could go, suggesting Easter Monday and May 8, a day that commemorates the end of World War II in Europe.

Such a measure would bring France into line with Germany's nine national holidays -- although federal states can add their own -- and take it well below Italy's 12 days.

After years of overspending, France is on notice to control its public deficit and cut its sprawling debt, as required under EU rules.

Bayrou said France had to borrow each month to pay pensions and the salaries of civil servants, a state of affairs he called "a curse with no way out".

Losing two public holidays, meanwhile, would add "several billions of euros" to the state's coffers, Bayrou said.

But the proposed measure sparked an immediate protest from Jordan Bardella, leader of the far-right National Rally.

- Holiday protests -

He said abolishing two holidays, "especially ones as filled with meaning as Easter Monday and May 8 is a direct attack on our history, our roots and on labour in France".

The party's parliamentary leader, Marine Le Pen, warned that "if Francois Bayrou does not revise his plan, we will vote for a no-confidence motion".

Leftist firebrand Jean-Luc Melenchon of the France Unbowed party called for Bayrou's resignation, saying "these injustices cannot be tolerated any longer".

His party colleague Mathilde Panot accused Bayrou of starting "a social war".

Bayrou had said previously that France's budgetary position needed to be improved by 40 billion euros ($46.5 billion) next year.

But this figure has risen after President Emmanuel Macron said at the weekend he wanted 3.5 billion euros of extra military spending next year because of rising international tensions. France has a defence budget of 50.5 billion euros for 2025.

Bayrou said the budget deficit would be cut to 4.6 percent next year, from an estimated 5.4 percent this year, and would fall below the three percent required by EU rules by 2029.

To achieve this, other measures would include a general freeze on spending increases -- including on pensions and health -- except for debt servicing and the defence sector, Bayrou said.

"We have become addicted to public spending," Bayrou said. "We are at a critical juncture in our history".

- Remember Greece -

The prime minister even held up Greece as a cautionary tale, an EU member whose spiralling debt and deficits pushed it to the brink of dropping out of the eurozone after the 2008 financial crisis.

"We must never forget the story of Greece," he said.

France's debt stands at 114 percent of GDP -- compared to 60 percent allowed under EU rules -- the biggest debt mountain in the EU after Greece and Italy.

The government hopes to cut the number of civil servants by 3,000 next year, and close down "unproductive agencies working on behalf of the state", the premier said.

Bayrou said wealthy residents would be made to contribute to the financial effort.

"The nation's effort must be equitable," Bayrou said. "We will ask little of those who have little, and more of those who have more."

burs-jh/tw/gv

G.George--TFWP