French President Emmanuel Macron and former EU chief negotiator Michel Barnier have differing views on France's financial strategy.
Macron is committed to his economic approach, which focuses on tax reductions and subsidies to stimulate growth. On the other hand, Barnier advocates for deficit reduction through tax hikes and spending cuts.
Macron has not publicly supported Barnier's proposals, as he is concerned about potential backlash before upcoming elections. Macron recently emphasized the importance of job creation and warned against increased taxes that could hinder growth.
Barnier's team is reportedly frustrated by Macron's lack of response to the budgetary emergency, suggesting that political considerations may be influencing the administration's stance as they navigate the aftermath of recent electoral losses.