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Le Pen promised to reduce France’s budget deficit to 3.7% of GDP

Marine Le Pen of the far-right National Rally has presented her economic program in detail for the first time. If her party wins the election in spring 2027, France’s budget deficit should fall from the current 5.4% to 3.7% of GDP as early as next year and to 2.2% by 2032.

#Eurozone #EuropeanCentralBank #JeanLucMélenchon #MarineLePin #RolanLeskjur #France

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OTP Bank considers leaving Russia because of the Luminor deal

Hungarian OTP Bank is considering a full exit from Russia, Bloomberg пишет. The bank’s Russian business may hinder approval of the purchase of Baltic Luminor Bank, with decisions expected in the coming weeks.

#LuminorBank #OTPBank #Hungary #EuropeanCentralBank #Russia #finance

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Raiffeisen Bank International shares fell 9% after a Grizzly Research report on sanctions risks

Raiffeisen Bank International shares fell 9% during trading on September 17 after a report by short-sellers Grizzly Research. The report accused the bank of helping to circumvent sanctions against Russia.

#GrizzlyResearch #UKIA #RaiffeisenBankInternational #EuropeanCentralBank #Russia #sanctions

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