French PM addresses debt concerns amid student protests

Summarised from 2 outlets · Updated 7 Oct, 22:31 · Archive

French Prime Minister Sebastien Lecornu pledged to cut the public deficit to 5% whilst addressing student and household concerns.

French Prime Minister Sebastien Lecornu delivered a sweeping address to calm student protesters and address France's mounting pressures over schools, fuel costs and public spending. He stressed that the education ministry had not seen cuts in last week's budget proposal and committed the government to reducing the public deficit to 5%. The move comes as the IMF urges France to 'get your house in order' amid growing concerns about the country's spending and debt.

Lecornu also confirmed the release of 10 million barrels of diesel fuel in an attempt to ease pressure on households facing rising fuel prices. The measures form part of a broader effort to address multiple crises simultaneously: student unrest, concerns over fuel costs, agricultural pressures and mounting public debt.

How it is being reported

• French PM vows to address debt despite student protestsFrench Prime Minister Sebastien Lecornu has tried to calm both student protesters and jittery bond markets. In an address to the nation, Lecornu stressed that the education ministry had not seen any cuts in last week's budget proposal, but insisted the government must cut its public deficit to 5%. There are growing concerns about France's spending and debt, with the IMF urging the country to "get your house in order." Lecornu also confirmed the release of 10 million barrels of diesel fuel.France 24 · 7 Oct, 22:13
• French PM tries to defuse anger over schools, fuel and agriculture in sweeping speechWith students protesting and fuel prices adding to pressure on households, Lecornu pledged new measures to address France’s mounting polycrisis.Politico Europe · 7 Oct, 19:45

In this story: Sebastien Lecornu · France · International Monetary Fund

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