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France's Lecornu unveils €54B budget squeeze to curb 6.5% deficit
Politico EU·FR·2 days ago
The Oxygen Plan, a financial support mechanism for large Walloon cities, expires at year-end with no replacement announced by the Walloon government. Charleroi, despite 10% budget savings, remains financially drained, prompting warnings from Thomas Dermine about deteriorating urban conditions. The uncertainty centers on whether a successor mechanism will be introduced and its impact on municipal finances.
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