Debt Crisis: France Under Threat From the Fitch Agency
13 Articles
13 Articles
France's uncontrolled budgetary trajectory may lead to a cut in its public debt securities, alerted Fitch this Monday, at a time when the debate around the budget for the next year continues without giving great hope of greater sustainability of public accounts. The agency says that the progress around the debate for the approval of the State Budget (OE) for the next one has been weak, which prolongs the unfavourable dynamics of the debt. To fur…
France risks a downgrading of the country's rating if public debt continues to grow substantially, warns the Fitch Ratings Agency. Prior to parliamentary debates on the 2027 budget, the agency draws attention to the difficulties of the Paris government in reducing the deficit and stabilising the debt.
On the eve of the opening of the debates on the 2027 budget in the National Assembly, the Fitch rating agency threatened France with a deterioration of its rating in the event of a further rise in public debt. Paris still enjoys an A+ rating.
If France still enjoys the A+ mark, one of the best that the agency can attribute, FitchRatings could revise the latter downwards in the event of a "substantial new increase in public debt".
There's nothing surprising here and even if we didn't want it, it won't be a discovery for you who follow this chronicle of the predicted collapse of our country live. So it's the Fitch rating agency that draws first the threat of degradation risking triggering the spiral of [...]
The French parliament begins debate on the 2027 budget on Tuesday, with high budget deficits, soaring public debt and student protests raising the political cost of fiscal consolidation. The eurozone's second-largest economy risks a debt crisis, with potential repercussions for the whole of Europe, if it fails to sustainably reduce its budget deficit, according to many market analysts, as noted by CNBC. At the same time, thousands of citizens ar…
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