UBS On-Air: Paul Donovan Daily Audio 'Fiscal largesse for no progress'
UBS On-Air: Market Moves · Podcast owner
November 24, 20252m 40s
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Show Notes
The lower house of the French national assembly rejected the latest revenue parts of the French budget. An unaltered budget proposal now goes to the Senate. Anyone who pays attention to French fiscal matters will not be surprised—the constitution of the current (fifth) Republic, and the lack of a government majority allows for quite a lot of complex procedure before something is agreed. Something like a French government shutdown is inconceivable.