Tag: Debt and default
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Thousands Protest Against Government in Luanda Streets
Thousands of people have taken to the streets of Luanda, Angola, in a massive demonstration against the government. The protest, covered by FRANCE 24 English, highlights citizens’ grievances and demands for change. The demonstrators are calling for improved living conditions, economic reforms, and greater transparency and accountability from their leaders. This significant public outcry reflects…
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Ghana Seeks Economic Recovery Through IMF-Backed Debt Restructuring Deal Amid Currency Decline
Ghana’s economy has been facing significant challenges since 2020, with its currency, the cedi, losing more than half of its value against the US dollar. The economic downturn has affected both individuals and businesses, forcing them to cut expenses and, in some cases, staff. A new debt agreement, restructuring $13 billion of international debt, offers…
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French Political Spectrum Unites to Address Business Community Concerns Ahead of Parliamentary Elections
In the lead-up to France’s parliamentary elections, representatives from the country’s major political parties presented their economic programs to business leaders at the employer association Medef, aiming to alleviate concerns over their electoral promises. The event saw notable appearances from Jordan Bardella of the National Rally and Eric Ciotti of the Republican party, who emphasized…
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EU Initiates Disciplinary Action Against France and Six Other Countries for Excessive Budget Deficits
The European Commission has recommended disciplinary action against France and six other EU countries for running excessive budget deficits, breaching the Maastricht Treaty rules. This comes as the rules, suspended during the COVID-19 pandemic, were reimposed, requiring member states to keep public debt below 60% of GDP and deficits below 3%. France, along with Belgium,…