This is a France news story, published by CNBC, that relates primarily to Michel Barnier news.
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National RallyCNBC
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77% Informative
National Rally (RN) has failed to extract concessions from the conservative minority government, led by Michel Barnier , on the budget that involves 60 billion euros ( $63 billion ) worth of tax hikes and spending cuts.
RN has said that if there is no breakthrough on Monday , it is highly likely to support a no-confidence vote that the leftwing New Popular Front (NFP) alliance said it has already drafted against the minority government.
France needs years of substantive fiscal tightening to get a primary surplus, an economist says.
Further multi-year fiscal tightening unlikely before the next parliamentary election from July 2025 and perhaps the presidential election in 2027 .
If the budget fails to pass, Europe 's financial markets would see heightened volatility, he says.
VR Score
81
Informative language
82
Neutral language
26
Article tone
formal
Language
English
Language complexity
58
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
2
Source diversity
2
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