Le Pen vows to save €140 billion by 2032 if elected to prevent French 'default'
Summary
Marine Le Pen, a far-right candidate for the French presidency, pledged to save €140 billion by 2032 to reduce France's public deficit and prevent a financial default. She aims to bring the deficit below the EU limit of 3% by 2030 and plans to make cost savings despite proposing to lower the retirement age.Key Facts
- Marine Le Pen wants to save €140 billion ($157 billion) by 2032 to cut France’s national debt.
- France’s public deficit was 5.1% of GDP last year and is forecasted to rise to 5.4% this year, above the EU’s 3% limit.
- The French government plans to borrow €340 billion ($385 billion) in 2027 to cover spending and debt repayments.
- Le Pen criticized current and past French governments for not controlling rising interest costs on debt.
- She calls for the European Central Bank to reduce interest rates to ease France’s financial burdens.
- Le Pen proposes a constitutional “golden rule” to reduce national debt annually through a referendum.
- She plans pension savings by eliminating “inefficient and unfair” measures while lowering retirement age to 60-62.
- A recent poll shows Le Pen leading in the upcoming presidential election despite a controversy involving her ally Jordan Bardella.
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