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Global Banking and Finance Review

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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on April 27, 2025

    Featured image for article about Headlines

    PARIS (Reuters) -The French government will propose combining or eliminating a third of government agencies by the end of the year in a bid to save money, the public accounts minister said on Sunday.

    "We will, by the end of the year, propose in the budget that a third of state-backed agencies and operators that are not universities are merged or eliminated," Amelie de Montchalin, the public accounts minister, said in an interview with French broadcaster CNews/Europe 1.

    Doing so would save two to three billion euros, she said.

    Prime Minister Francois Bayrou's government has sought to cut the public sector budget deficit from 5.4% of economic output this year to 3%, the European Union's ceiling, in 2029.

    Finance Minister Eric Lombard has said the government will seek to cut 40 billion euros in spending in the next fiscal year.

    (Reporting by Makini Brice; editing by David Evans)

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