Fitch downgrade to lowest level on record complicates new prime minister Sebastien Lecornu and President Emmanuel Macron’s efforts to control France’s finances
  • Riddick3001@lemmy.worldEnglish
    31·
    3 days ago

    And this is could be a costly matter, more interest to pay. France will need to raise Gvment income and lower the spending to maximize effect without disrupting too much.

    • Nomecks@lemmy.caEnglish
      22·
      3 days ago

      They need to increase spending and print money to spur investment and reduce the value of the debt relative to the economy. Lowering benefits and increasing government income reduces investment and stalls enconomies.