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France freezes some spending to offset €6 billion fallout from Iran war
France says the economic fallout from the Iran war has cost the country at least €6 billion, 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, French officials say a freeze in some spending is necessary. Plus: Kevin Warsh, Donald Trump's pick for the next chairman of the Federal Reserve, has faced a grilling in the US Senate in a confirmation hearing.
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By FRANCE 24 English
5
44 ratings
France says the economic fallout from the Iran war has cost the country at least €6 billion, 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, French officials say a freeze in some spending is necessary. Plus: Kevin Warsh, Donald Trump's pick for the next chairman of the Federal Reserve, has faced a grilling in the US Senate in a confirmation hearing.
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