France Freezes Spending Amid €6 Billion Iran War Fallout
France has announced a freeze on some government spending to mitigate an estimated €6 billion financial impact attributed to the fallout from the Iran war. This measure aims to counter the economic crisis stemming from the conflict.
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Read full article →France freezes some spending to offset €6 billion fallout from Iran war
France says the economic fallout from the Iran war has cost France at least 6 billion euros, as the government has rolled out support measures for businesses and households, increased defence spending and faced surging borrowing costs. To offset this while meeting its budget deficit target, officials say a freeze in some spending is necessary. Plus, Kevin Warsh, President Trump's pick for the next chairman of the Federal Reserve, faced a grilling in the US Senate in a confirmation hearing.
By Yuka ROYER
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