"Faced with a rapid deterioration in the nation's finances, Mr. Macron's recently appointed prime minister, Michel Barnier, is opening the door to higher taxes on businesses and the rich, in a last-ditch bid to plug France's widening budget deficit and reassure worried international investors about the government's ability to tackle the problem."
"Warning that France's financial situation had worsened rapidly, Mr. Barnier said on Sunday that he would open the long-taboo subject of reversing several of Mr. Macron's signature tax cuts, despite pledges from the president just a few weeks ago not to lift taxes."
"I'm not going to raise taxes on all French people, Mr. Barnier said in an interview on French television. But I cannot exclude the wealthiest and corporations from the national effort to rectify the situation."
"The government is facing an uphill battle to control a ballooning debt and deficit that have become among the highest in Europe."
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