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French PM may scrap two public holidays to reduce country’s crippling debt

Jon Henley in Paris

created: July 15, 2025, 5:22 p.m. | updated: July 16, 2025, 8:48 a.m.

France’s prime minister, François Bayrou, has proposed scrapping two public holidays as part of radical measures aimed at reducing the country’s ballooning deficit, boosting its economy and preventing it being “crushed” by debt. The centrist prime minister said: “The entire nation has to work more so that the activity of the country as a whole increases, and so that France’s situation improves. The debt mountain represented a “mortal danger” for a country “on a cliff edge” and “still addicted to public spending”, Bayrou said, outlining steps he said would cut €43.8bn from the budget, reducing the deficit to 4.6% next year and 3% by 2029. The budget squeeze will also entail keeping pensions at their 2025 level, capping welfare spending and reducing healthcare expenditure by €5bn. The move to scrap public holidays is likely to meet strong resistance, although France has previously discussed combining VE Day with Armistice Day on 11 November, creating a single memorial day for the victims of the first and second world wars.

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