By Mathieu Rosemain PARIS (Reuters) -French Prime Minister Michel Barnier said on Sunday that he would not raise taxes on most French taxpayers, although the wealthiest would have to help close a hole in the budget.

French Prime Minister Michel Barnier said on Sunday that he would not raise taxes on most French taxpayers, although the wealthiest would have to help close a hole in the budget.

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.France’s new prime minister Michel Barnier dangled the prospect of tax increases on wealthy individuals and large corporations as he described the nation’s fiscal situation as “very grave.