France Faces Financial Turmoil Amid Political Deadlock

Reported 3 days ago

France's finances are in disarray due to a political deadlock and escalating debt, resulting from pandemic spending, the Ukraine war, and rising interest rates. President Macron struggles to combat an out-of-control deficit, which has exceeded EU limits, with bond sell-offs reflecting investor concerns. The fragmented parliament lacks consensus on fiscal reforms, causing uncertainty that hampers business confidence and compounding financial woes for a country accustomed to strong economic leadership within the EU.

Source: YAHOO

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