How Emmanuel Macron’s France became Europe’s fiscal problem child
Dire finances reflect pandemic and energy crisis largesse but also president’s early tax cuts
Dire finances reflect pandemic and energy crisis largesse but also president’s early tax cuts

Twin crises are undermining the remains of Macron’s legacy and his country’s EU standing

Consternation over pledge to continue tax raid on big companies and suspend pension reforms

Emmanuel Macron’s movement and legacy unravel as political gambles backfire

Only the spectre of the far right in government might save the embattled French president and his ambitions for Europe

A failure to spend less is at the root of the country’s political problems

Fitch’s change to A+ reflects concerns political instability will affect France’s ability to reduce its deficit