Budget 2027: France Borrows "at Almost 4.8% to 10 Years", Warns Sébastien Lecornu Who Asks Not to "Add Instability to These Difficulties"
11 Articles
11 Articles
"Reality is catching up with us," the French prime minister warned the opposition, referring to the continuous increase in France's borrowing rates on international financial markets.
The ten-year interest rates at which France refinances its market debt exceeded the 4.8% threshold on Tuesday, for the first time since 2008.
On Tuesday, "France borrowed from almost 4.8% to 10 years, compared to 3.5% a year ago," said the Prime Minister on social network X, stressing that it was a level never seen since the 2008 financial crisis.
"More interest to pay is less means for the country's priorities," warns the head of government, and "this reality is imperative for all."
The 10-year interest rates at which France refinances its debt exceeded the threshold of 4.8% on Tuesday, a first since 2008. "This reality imposes on all", including presidential candidates,
Le Corni, who will present the state budget plan for 2027, sounded the alarm today about his country's fiscal situation.
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