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French president Emmannuel Macron has previously said "the age of “carefree abundance is over" (Photo: consilium.eu)

France latest EU member to step up government spending in 2023

Governments across Europe are increasing public expenditure in their 2023 budgets to shield households and businesses from a looming recession.

France, suffering from a concurrent hydro-, nuclear and gas power crisis, has increased projected public expenditure for 2023 by another €7.5bn compared to the last draft in August.

In a draft copy

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

French president Emmannuel Macron has previously said "the age of “carefree abundance is over" (Photo: consilium.eu)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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