French Lawmakers Reach Crucial Budget Deal Ahead of Vote

A joint parliamentary committee in France finalized the contentious 2025 budget bill after extensive negotiations, setting the stage for a critical vote in the National Assembly next week. The agreement, reached by a panel of seven MPs and seven senators, is deemed essential for restoring investor confidence and ensuring the government's stability under Prime Minister François Bayrou. While the Socialist Party secured some concessions, including the preservation of 4,000 public education jobs, dissatisfaction remains among leftist and far-right lawmakers, raising the possibility of a no-confidence motion. Finance Minister Eric Lombard emphasized the need for the budget to address a public sector deficit projected at 5.4% of GDP. The outcome of the upcoming vote is uncertain, with the potential for significant political repercussions if the bill fails. Observers are closely watching the Socialists, whose support is pivotal for the government's survival.