France, Nov. 7 -- While many CEOs and France's wealthiest are resisting demands for greater fiscal fairness in the 2026 budget, Pascal Demurger, managing director of the MAIF insurance company, says he and others must pay more if France is to move forward.
Soaking up France's deficit means saving €44 billion in next year's budget. And an already deeply divided parliament can't work out how to do it: the left wants a wealth tax, the right wants cuts in public spending.
This disagreement has brought down two governments in less than a year. The bill was meant to be agreed by Tuesday this week. It wasn't - and the wrangling continues.
"We're in total political deadlock. We don't know whether we'll have a budget at the end of the year....