Marketplace Morning Report France's financial crisis pushes its government to the brink
Sep 9, 2025
France's ongoing financial crisis threatens to topple its government, creating a tense political atmosphere as President Macron seeks to assure European allies and financial markets. The rising pressure for a debt-reducing budget underscores the urgency of the situation. Meanwhile, gold prices soar to new heights, prompting London's bullion market to embrace digital transformation. The power shifts within Rupert Murdoch’s media empire conclude with his son Lachlan at the helm, adding intrigue to the landscape of global media.
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Debt Dispute Toppled The Government
- France's government collapsed over deep disagreements on how to cut debt and spending.
- Macron must now convince Europe and markets he'll pass a debt-reducing budget by year-end.
Longstanding Fiscal Imbalance
- France hasn't balanced its books in 51 years with deficits and debt rising annually.
- Political polarization pits Macron's pro-business stance against calls to tax the super-rich.
Reassure Markets And Allies Fast
- President Macron needs to reassure European allies and financial markets about fiscal plans.
- He must show a credible path to a debt-reducing budget that Parliament will approve by year-end.