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French deficit worsens to 'very rare' level
French deficit worsens to 'very rare' level
Economy
by  AFP

France's budget deficit overshot forecasts in 2023, official figures showed Tuesday, undermining President Emmanuel Macron's pledge to bring national finances back on track within the next four years. - 'Meltdown' - Le Maire said Tuesday he stood by France's objective of bringing the deficit back below three percent of GDP by 2027, promising his "total determination" to do so.

Spain takes stake in Telefonica after Saudi deal concerns
Spain takes stake in Telefonica after Saudi deal concerns
Economy
by  AFP

Spain's government has acquired a three-percent stake in telecoms giant Telefonica following concerns over a Saudi firm taking a piece of a company that Madrid considers strategically important. Spain's government said the move to acquire a stake in Telefonica was in line with its European neighbours, which also own small minority stakes in their leading telecoms operators.