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France’s political turmoil and a budget bill at risk of missing its deadline are weighing heavily on the country’s bustling tech sector, which says the French ship is “slowly sinking”.

It’s a rapid shift for an industry on the rise. This year, Paris overtook London as Europe's top startup hub for the first time, according to a data platform Dealroom.

French President Emmanuel Macron’s government had pushed for innovation with schemes such as “France 2030,” a plan worth €54 billion over five years that aims to develop industrial competitiveness and technology.

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