Le Pen pitches deep budget cuts as French bonds fall
French far-right presidential frontrunner Marine Le Pen is presenting plans to cut government spending by 25 billion euros annually. The move aims to establish fiscal credibility as borrowing costs surge to multi-decade highs amid a mounting bond market crisis.
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Marine Le Pen will unveil plans on Tuesday to slash government spending by €25 billion ($28 billion) annually in France, aiming to shore up fiscal credibility. The strategy emerges as domestic borrowing costs climb to highs not witnessed since the early 2000s amid broader market volatility. The fiscal strain has vaulted to the forefront of the upcoming presidential race, testing candidates' abilities to reassure investors.
