The Briefing
France’s belated budget and USAID’s global influence
Feb 7, 2025
Simon Bouvier, Monocle’s Paris bureau chief, provides a deep dive into the French parliament’s newly adopted 2025 budget and the intricate political maneuvers behind it. He discusses how recent political stability might impact the economy. Meanwhile, Andrew Natsios, former head of USAID, sheds light on the ramifications of USAID’s dismantlement, especially its effects on global food security and humanitarian aid. The conversation touches on U.S.-EU trade tensions and their potential repercussions for Europe.
30:11
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Quick takeaways
- France's 2025 budget passage highlights Prime Minister Bayrou's political maneuvering to balance varied interests amid governmental challenges.
- The proposed cuts to USAID raise alarms about potential negative impacts on global health initiatives and humanitarian assistance.
Deep dives
French Political Landscape Shifts
The French government, led by Prime Minister François Bayrou, has managed to secure a vote of confidence and pass the 2025 budget despite previous turmoil. Bayrou has successfully repositioned the political dynamic by sidelining the far-right Rassemblement National and leaning on the moderate left for support. Key concessions included preserving teaching jobs and increasing healthcare funding, which were pivotal in gaining socialist approval. However, the path ahead remains complex, as Bayrou's government must navigate a divided parliament and balance the interests of various political factions.
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