US EditionFrance Running Out of Money? Auditors Warn State Has ‘Lost Control’ of Welfare Spending, IMF Demands Cuts
7 Articles
7 Articles
The S & P agency re-evaluates the sovereign rating of France in a context of tense public finances and budgetary uncertainties The US rating agency S & P re-evaluates on Friday the rating
France running out of money? Auditors warn state has ‘lost control’ of welfare spending, IMF demands cuts
from ReMix News: Even the IMF is going after France — not a good look for a First World country France’s state audit office, the Court of Auditors, has issued a stark warning regarding the country’s welfare spending, projecting an impending “liquidity crisis.” The auditors’ report reviewed by Politico indicates that welfare expenditures are “out of control” […]
The US rating agency S&P is preparing to re-evaluate France's rating, while financial imbalances persist and the government has to face a summer marked by complex arbitrations. France is once again under the spotlight of S&P Global Ratings. The US agency, which had already degraded the [...] Article France under surveillance: S&P re-examines the sovereign note before delicate budgetary choices appeared first on Le Singulier.
Pension Black Hole: French Report Reveals Hundreds of Millions Paid Abroad - Europe Reloaded
. ER Editor: The massive failure of a massive, unwieldy bureaucracy. This Remix News report comes at the problem from a different angle — France Running Out Of Money? Auditors Warn State Has “Lost Control” [...] The post Pension Black Hole: French Report Reveals Hundreds of Millions Paid Abroad appeared first on Europe Reloaded.
The Court of Auditors refused to certify the accounts of the National Fund of Family Allowances (CNAF) for the third year in a row.
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