As France’s newly-formed authorities faces strain to finalise its spending plans for 2025, Funds Minister Laurent Saint-Martin says the state of public funds is worse than was anticipated just a few days in the past, and that this yr’s finances shortfall may high 6 % of GDP – far above the federal government’s earlier estimate of 5.1 %. Plus, Commerzbank has named Bettina Orlopp as its new CEO, because it tries to fend off a potential hostile takeover by Italy’s UniCredit.
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