Public Debt of France: the Score of Fitch Expected Friday Night
5 Articles
5 Articles
At the time of its last update in early March, the rating agency welcomed the strength of the French economy and its institutions, while pointing to a high public debt and a political context limiting the possibilities to clean up public finances. Fitch currently attributed the A+ rating to France, i.e. a debt of "high average quality". This note is accompanied by a stable perspective, which means that it is unlikely – but not impossible – that …
On the Road to a French Sovereign Debt Crisis
France’s compromised public finances might not be quite as bad as those of the United States and Japan. However, there are two reasons to think that France could experience a sovereign debt crisis before those two other countries. The first is that France is scheduled to have a presidential election next April that could materially worsen the country’s public finance outlook. The second is that France is stuck in a Euro straitjacket that highly …
While the Fitch agency should "only" lower its outlook of rating from stable to negative on Friday, several reports by economists published this summer confirm that the trajectory of the French debt and above all the burden of interest is very worrying.
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