Stay updated with breaking news from Hec paris. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The country will also bring in income tax cuts worth 6.2 billion euro and finance some of the extra spending the government is banking on potentially optimistic forecasts for economic growth and an explosive pension reform which has not yet been passed. joining me now is tomasz michalski, economics professor, hec paris. nice to see you. i say it is a familiar tale because many countries in europe were facing very similar challenges. talk us through this budget in france and how it has been received and what you make of it. ., ., . ., ., , it. the announcement that was made yesterday it. the announcement that was made yesterday was it. the announcement that was made yesterday was a - it. the announcement that was made yesterday was a little - it. the announcement that was made yesterday was a little bit j made yesterday was a little bit surprising for many observers. clearly, what the government tries to achieve to stem down any possibility of social ....
The french president, emmanuel macron, has suffered a serious setback after losing his majority in parliament. his party, ensemble, is still the biggest in the national assembly, but it lost around 100 seats in yesterday s elections. there were big gains for marine le pen s far right party, and a new left wing alliance, led by the hard left leader, jean luc melenchon. this means issues such as macron s plans to raise the retirement age and changes to low income support could face more obstacles. joining me now is tomasz michalski, economics professor, at the business school, hec paris. professor, welcome. where does this result leave macron s mandate to govern the world s sixth largest economy? the first thing is the question is whether the party of macron will be able to make a ....
Joining me now is tomasz michalski, who s an economics professor at hec paris. how is it shaping up, who is going to do better out of this and who is going to enjoy it more? and who is going to en oy it more? ~ , , ., ., more? well, this is going to come as more? well, this is going to come as you more? well, this is going to come as you said, more? well, this is going to come as you said, this - more? well, this is going to come as you said, this is - more? well, this is going to come as you said, this is a l come as you said, this is a full battle between two candidates like in very few democracies, so it is going to be very brutal. marine le pen is within striking distance of macron, so she will really try to take her chance on becoming the next president. the groups of voters they will try to address are slightly different, but they are on the left, solar panel is going to aim for the working class vote, and she will talk about the pension ....
Off than their fully vaccinated colleagues, who no longer need to isolate in this situation. let s stick with covid vaccinations because france is introducing new rules on accessing cafes, cultural venues and long distance transport. from today only people who can show they are fully vaccinated will be allowed to board intercity trains or eat lunch inside a restaurant. until now, unvaccinated customers had the option of presenting a negative covid test. joining me now from paris isjeremy ghez, co director of the hec paris center for geopolitics and professor of economics. good morning to you. good morning- good morning to you. good morning- we good morning to you. good morning. we know - good morning to you. good morning. we know that - good morning to you. good j morning. we know that this good morning to you. good - morning. we know that this has been a very morning. we know that this has been a very unpopular- morning. we know that this has been a very unpopular mood . morning ....