{"id":16299,"date":"2026-08-28T13:06:54","date_gmt":"2026-08-28T10:06:54","guid":{"rendered":""},"modified":"2026-08-28T13:06:54","modified_gmt":"2026-08-28T10:06:54","slug":"le-pen-vows-radical-spending-cuts-to-ease-french-debt-fears-at-medef","status":"publish","type":"post","link":"https:\/\/harici.com.tr\/en\/le-pen-vows-radical-spending-cuts-to-ease-french-debt-fears-at-medef\/","title":{"rendered":"Le Pen vows radical spending cuts to ease French debt fears at Medef"},"content":{"rendered":"

Marine Le Pen has pledged<\/a><\/span> to implement sweeping cuts to public expenditure if she wins next year’s presidential election.<\/p>\n

During the first presidential debate held yesterday, seven candidates clashed over how to handle France’s high debt levels and how to finance the pension system.<\/p>\n

This laid bare sharp divisions on economic issues that have left investors unsettled.<\/p>\n

The French government is struggling to reduce the country’s budget deficit, which stands at more than 5% of GDP and represents one of the highest shortfalls in the eurozone.<\/p>\n

Le Pen, who is mounting her fourth presidential bid in the election scheduled for next spring and stands as the frontrunner, is attempting to win over corporations that have long been sceptical of her policies, according to the Financial Times, while seeking to shed the National Rally’s (RN) image as a free spender.<\/p>\n

Speaking at a forum organised by Medef, France’s principal business lobby group, the French politician stated, “I am extremely concerned about the trajectory of our debt,” adding that the state must cut spending “radically”.<\/p>\n

Le Pen said for the first time that she supported the concept of a balanced budget rule establishing a statutory equilibrium between revenue and expenditure, though she did not provide details.<\/p>\n

Stating that the RN would present a \u20ac125 billion savings plan ahead of parliamentary debates on France’s 2027 budget, Le Pen said this plan would include reductions in payments to the EU alongside welfare cuts for immigrants.<\/p>\n

This contrasted with a proposal made this week by Jean-Luc Melenchon, the presidential candidate of the left-wing LFI, who argued that the European Central Bank should cancel the French debt it holds and “throw it into the fire”.<\/p>\n

Melenchon went further with this idea during the debate, stating that terminating all subsidies to corporations could also feature among other radical measures aimed at reducing the budget deficit.<\/p>\n

The proposals put forward by Le Pen and Melenchon were criticised by rival presidential candidates such as Edouard Philippe and Gabriel Attal as “unworkable” or “dangerous”.<\/p>\n

Medef members applauded when Socialist Party candidate Raphael Glucksmann condemned Le Pen’s fiscal plans and said halting all immigration would harm the economy.<\/p>\n

Opinion polls, however, consistently project that Le Pen will advance to the second round of the two-round presidential election.<\/p>\n

Recent surveys indicate she could even defeat centre-right candidate Philippe.<\/p>\n

Polls conducted in recent days show that Melenchon also has the potential to reach the run-off against Le Pen.<\/p>\n

Yet election day remains eight months away, and intense competition persists among the contenders.<\/p>\n

Among corporate leaders, Le Pen is viewed as a less acceptable figure than RN President Jordan Bardella, who has held talks with companies and is perceived as more flexible on certain key RN policies, such as raising the retirement age.<\/p>\n

According to a person familiar with the matter, Bardella’s adviser Francois Durvye, who worked to soften the RN’s stance on pensions and facilitate discussions with leading corporations, has departed Le Pen’s election campaign.<\/p>\n

Insisting on her position regarding pension reform on Thursday, Le Pen said she wants to lower the retirement age to 60 for individuals who began working before the age of 20, while maintaining it at 62 for others.<\/p>\n

During the debate, Attal remarked, “Some of you will be disappointed, but the smokescreen created by Bardella [on economic policy] has definitively dissipated.”<\/p>\n

Macron’s drive to raise the retirement age to 64 was suspended last year during parliamentary budget debates.<\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Marine Le Pen has pledged to implement sweeping cuts to public expenditure if she wins next year’s presidential election. During the first presidential debate held yesterday, seven candidates clashed over how to handle France’s high debt levels and how to finance the pension system. This laid bare sharp divisions on economic issues that have left […]<\/p>\n","protected":false},"author":1,"featured_media":16300,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[3],"tags":[3472,18902,2311,5102,805,1857,842,21520,2313,1850,1215,2103,8093,2456,1442,21517,2552,21521,4021,10488,21518,11641,4060,21519,5100],"class_list":["post-16299","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-europe","tag-budget-deficit","tag-edouard-philippe","tag-emmanuel-macron","tag-european-central-bank","tag-european-union","tag-eurozone","tag-france","tag-francois-durvye","tag-gabriel-attal","tag-gdp","tag-immigration","tag-jean-luc-melenchon","tag-jordan-bardella","tag-lfi","tag-marine-le-pen","tag-medef","tag-national-rally","tag-pensions","tag-presidential-election","tag-public-spending","tag-raphael-glucksmann","tag-retirement-age","tag-rn","tag-socialist-party","tag-sovereign-debt"],"yoast_head":"\nLe Pen vows radical spending cuts to ease French debt fears at Medef - 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