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The French Prime Minister spoke about plans to put the issue of reforms to a referendum.

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Photo: REUTERS/Gonzalo Fuentes
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French Prime Minister Francois Bayrou on Saturday, May 3, spoke about plans to submit to a referendum a plan to reform the state and its expenses.

"Our country is facing two huge problems, the most serious in its recent history: too low production levels and huge debt. Year after year, for several decades, deficits have become the norm in all governments, financed by debt, and this debt is gradually strangling us," he said in an interview with the weekly Le Journal du Dimanche.

A sharp increase in the cost of servicing the national debt is enough to plunge the country into an economic and financial crisis of historic proportions, he added.

To solve this problem, the Prime Minister intends to develop and submit to a referendum reforms of public administration and treasury expenditures.

On April 22, Bloomberg reported that French President Emmanuel Macron is exploring the possibility of dissolving parliament and holding snap elections this fall. According to the agency, the French leader has been discussing the decision with his close associates for several weeks, but so far the talks are only advisory in nature.

In turn, the head of the National Unification party, Jordan Bardella, said on January 27 that the dissolution of the French parliament was inevitable. The politician noted that only the return of the government to the people will make it possible to form a clear and stable majority for the country.

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