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France's Lecornu Rejects Wealth Tax, Aims for 2026 Consensus

9/27/2025

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Summary

Story summary

Sébastien Lecornu ruled out a wealth tax and suspending pension reform while outlining policy plans for 2026.
Appointed amid a crisis, he seeks party-union consultations.
He targets a 4.7% GDP deficit in 2026.
He urged consensus as Macron's ruling alliance lacks a majority. He said the International Monetary Fund (IMF) is not at France's doorstep.

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Story summary

Sébastien Lecornu ruled out a wealth tax and suspending pension reform while outlining policy plans for 2026.
Appointed amid a crisis, he seeks party-union consultations.
He targets a 4.7% GDP deficit in 2026.
He urged consensus as Macron's ruling alliance lacks a majority. He said the International Monetary Fund (IMF) is not at France's doorstep.