French Finance Minister: Iran crisis has cost France between 4 and 6 billion euros

Golden Ten Data reported on April 21 that French Finance Minister Bruno Le Maire stated on Tuesday that the economic impact of the Iran crisis has already cost France between 4 billion and 6 billion euros (approximately 4.7 billion US dollars). The government is currently developing new aid measures and has frozen certain expenditures. Since the outbreak of conflict in the Middle East, bond yields have risen sharply, and this increase in government borrowing costs alone has added 3.6 billion euros in extra budget expenditure. The French government has pledged to fully offset the budgetary impact of measures aimed at helping households cope with energy price shocks caused by the conflict. Le Maire said he would outline plans to freeze some spending at a meeting with lawmakers on Tuesday, emphasizing that the government will not implement sweeping budget cuts. He added that the Prime Minister would announce new measures on Tuesday evening to help consumers deal with higher energy prices, with particular attention to those who rely on vehicles for their work.