French PM Proposes Abolishing Two Public Holidays Amid Budget Crisis

PARIS — In a bold move to address France's escalating budget crisis, Prime Minister François Bayrou proposed the elimination of two public holidays, Easter Monday and Victory in Europe Day on May 8, during a press conference held on July 15, 2025. This proposal is part of a larger strategy aimed at reducing the national budget deficit, which is currently projected to remain at 4.6% of Gross Domestic Product (GDP) next year. Bayrou's government is targeting a budget cut of €43.8 billion for 2026 as France grapples with a staggering €3.3 trillion public debt.

The Prime Minister justified the proposal as a necessary collective sacrifice, urging the nation to "work more" for the greater good amidst financial turmoil. However, this suggestion is expected to provoke significant backlash from the French populace, who are known for their strong attachment to social welfare programs and generous paid leave compared to other Western democracies, such as the United States.

Historically, changes to France's social safety net have ignited widespread protests, exemplified by the backlash against the law raising the retirement age in 2023. The current proposal appears to be jeopardizing the stability of Bayrou's minority government, as opposition leaders from various political factions, including the Greens, the center-left Socialists, and the far-right National Rally, have vocally opposed the initiative even before the conference concluded.

Bayrou's assertions echoed the debt crises faced by Greece and Spain, emphasizing the urgency of decisive action. The Prime Minister plans to implement workforce reductions, with a projected decrease of 3,000 civil servant positions and an additional 1,000 to 1,500 jobs in government agencies. Healthcare expenditures are also slated for a €5 billion cut, while salary freezes for certain government employees and welfare payments are under consideration.

Despite prior assurances not to raise taxes, Bayrou indicated a potential "solidarity contribution" for high-income taxpayers, while defense spending remains safeguarded, aligning with President Emmanuel Macron's commitment to boost military expenditures to €64 billion by 2027.

The proposal to eliminate public holidays, however, threatens to overshadow these announcements and has already attracted significant criticism on social media. Jordan Bardella, president of the National Rally, labeled Bayrou's plan a "direct attack" on French history, warning that his party might ally with left-wing lawmakers to challenge the Prime Minister’s position upon the legislature’s return in the fall.

As the situation develops, Bayrou acknowledges that his administration is vulnerable to opposition forces and may struggle to pass his budgetary reforms. This moment is being described as a crucial turning point for the government, with Bayrou stating that they are "at the mercy of the opposition." The implications of these proposed changes could alter the landscape of French politics and social policy significantly, and the outcome remains uncertain as public sentiment continues to evolve.

The story will continue to be updated as further developments unfold.