French government makes further concessions to appease Le Pen's far-right party
The initial proposal was that they wanted to reduce the reimbursements, so they're now abandoning their plan in pursuing that. This was a sticking point in negotiations for the budget and the far-right had used this as a key factor in pushing for a no confidence motion against Michel Barnier's government. We'll see if it will be enough though.The CAC 40 index has now turned higher on the day, up 0.3%. It was down over 1% at the open before keeping lower by around 0.2% before this as European indices recovered slightly after the poor start. This article was written by Justin Low at www.forexlive.com.
The initial proposal was that they wanted to reduce the reimbursements, so they're now abandoning their plan in pursuing that. This was a sticking point in negotiations for the budget and the far-right had used this as a key factor in pushing for a no confidence motion against Michel Barnier's government. We'll see if it will be enough though.
The CAC 40 index has now turned higher on the day, up 0.3%. It was down over 1% at the open before keeping lower by around 0.2% before this as European indices recovered slightly after the poor start. This article was written by Justin Low at www.forexlive.com.
