BRUSSELS ― The European Commission has endorsed the new French government’s updated spending plan in a boost to Prime Minister François Bayrou, two diplomats told POLITICO.
Ambassadors and financial counsellors from the EU’s member countries will discuss the plan in meetings today, the diplomats said.
French Finance Minister Eric Lombard publicly promised to keep the commitment to reduce France’s deficit ― the difference between how much a country spends and how much it brings in ― to the EU’s 3 percent of gross domestic product threshold by 2029. Last year it was a whopping 6.2 percent.
Michel Barnier, the former European Commissioner, was toppled as prime minister last month before even making it to 100 days in office, over opposition to his 2025 budget within the French parliament. The new government, under Bayrou, announced a slightly gentler version.
This iteration includes a €53 billion combination of spending cuts and tax increases to bring order to France’s increasingly haywire public finances.
According to one diplomat, France will now have a higher net expenditure ― the main indicator taken into account under the EU’s revamped fiscal rules ― but the average net expenditure over seven years will remain the same. That’s why the Commission looks upon the plan kindly.
EU finance ministers are likely to look at the plan at their meeting on Tuesday and will be asked to approve it.
“They are rushing the amended plan through the European financial counsellors and Coreper today to get it on the finance ministers’ meeting agenda,” one diplomat said.
U.S. President Joe Biden on Friday said he expected Iran to attack Israel “sooner rather than later,” delivering a pessimistic assessment even as he warned…
<p><img width="863" height="385" src="https://www.naijanews.com/wp-content/uploads/2023/03/Abure.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="LP Crisis: Abure Used Party's Name To Raise Campaign Funds In US - Suspended Treasurer" decoding="async" fetchpriority="high" srcset="https://www.naijanews.com/wp-content/uploads/2023/03/Abure.png 863w, https://www.naijanews.com/wp-content/uploads/2023/03/Abure-300x134.png 300w, https://www.naijanews.com/wp-content/uploads/2023/03/Abure-768x343.png 768w, https://www.naijanews.com/wp-content/uploads/2023/03/Abure-150x67.png 150w" sizes="(max-width: 863px) 100vw, 863px" /></p>
<h2>The National Chairman of the Labour Party, <a href="https://www.naijanews.com/topic/julius-abure/">Julius Abure</a>, has extended his congratulations to Olumide Akpata for clinching victory in the party's governorship primary held in Edo State on Friday.</h2>
<p>Akpata, who previously served as the president of the Nigerian Bar Association (NBA), secured a notable win with 316 votes, significantly outpacing his contenders, Ken Imasuangbon and Prof Sunny Eromosele, who each garnered seven votes.</p>
<p>Sergius Ògún received four votes, while Earnest Àyègbè got three votes. Paul Iseghohi opted to withdraw from the race.</p>
<p>In a gesture aimed at fostering unity and strengthening the party's position ahead of the gubernatorial election slated for September 2024, Abure urged other aspirants to set aside any differences.</p>
<p>He encouraged them to integrate their support structures into the campaign for Akpata, emphasizing the need for a collective effort to ensure the Labour Party's success at the polls.</p>
<p>Abure's call for unity was articulated in a congratulatory message disseminated by his media team in Abuja on Saturday.</p>
<p>The Labour Party chairman expressed his confidence in Akpata's ability to lead a successful campaign and ultimately secure the governorship seat, highlighting Akpata's potential to effect significant change in Edo State.</p>
<p>The endorsement of Olumide Akpata by the Labour Party's national leadership underscores the party's commitment to presenting a formidable challenge in the upcoming governorship election.</p>
<p>As preparations for the electoral contest intensify, the Labour Party aims to galvanize support around its candidate, leveraging Akpata's legal expertise and leadership experience to appeal to the electorate in Edo State.</p>
<p>He said, <em>“I want to congratulate the Labour Party for having a free, fair and seamless primaries. You recall that I have always called and stood for a free, fair and credible elections and that is what has played out in our primaries.</em></p>
<p><em>“I therefore want to congratulate the winner of the primary election, Olumide Akpata, for recording the highest number of votes which made him the candidate of the party. I want to assure him of all our supports to ensure that we win the governorship election in September, 2024. We will not rest on our oars until that is achieved.</em></p>
<p><em>“We believe that Edo State at this point in time needs the best of the bests to man the Osadebey Avenue and today, Labour Party has selected one of its bests as the candidate of the party. If you juxtapose him with all other candidates that have emerged from the other political parties, it is clear that he stands out. We therefore congratulate him and we all will work towards the success of his candidacy in governorship election.</em></p>
<p><em>“Primary election usually comes with a lot of tension, bickering, politicking and horse-trading. However, now that the primary is over and a candidate has emerged, I want to call on all Labour Party faithful, particularly, those who have lost at the primaries to team up with the candidate so that we can all work in unity and togetherness for the victory of the party.</em></p>
<p><em>“Whatever errors we have made or pains any party member may have suffered in the process of this party primaries, we want to call on all and sundry to put it behind them and let us all come together as a united family to work for the success of the party ahead of the election.</em></p>
<p><em>“We equally call on the candidate to be magnanimous in victory by reaching out to all aggrieved members of the party. He must realise that he needs the support of all party members to win the general election.”</em></p>
<p>Meanwhile, the Lamidi Apapa-led faction of the party has disowned Akpata, saying he is not their candidate in the state.</p>
<p>In a letter dated February 22 and addressed to the National Chairman of the Independent National Electoral Commission, the faction identified Anderson Asemota as its governorship candidate and Monday Mawah as his running mate.</p>
<p>The spokesman for the Lamidi Apapa camp, Abayomi Arabambi who spoke with Punch confirmed that the two politicians are their chosen candidates.</p>
<p>He said, <em>“The only Labour Party candidate we know is Barrister Anderson Asemota and his running mate, Monday Mawah. We don’t know anything about Akpata and where they got him from.”</em></p>
<p>The post <a href="https://www.naijanews.com/2024/02/24/labour-partys-national-chairman-abure-endorses-olumide-akpata-for-edo-governorship/">Labour Party’s National Chairman, Abure Endorses Olumide Akpata For Edo Governorship</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
