Macron’s France finally passes a budget, with car taxes of 90,000 Euro
France is all but prohibiting the sale of over-powered, gas-guzzling SUVs and cars, even if electric.
As of next month, the tax on a Porsche Cayenne or a BMW X6 M will be €70,000, rising to €90,000 by 2027.
France will continue to stick out at a treacherous time when global bond markets are no longer willing to fund ageing post-industrial states living beyond their means
French public debt will rise to 115.5pc of GDP this year.
The gap with Germany is growing ever wider, which raises a question: how far can the two anchor economies of the euro diverge before monetary union becomes untenable
Ambrose Evans-Pritchard Telegraph 6 February 2025
https://www.telegraph.co.uk/business/2025/02/06/macron-imposing-shift-evs-ferocious-90k-porsche-tax/
French Premier Survives No-Confidence Vote
A deficit of 5.4% next year.
European Union rules require member states’ debt to be below 60% of GDP and a deficit under 3%.
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