Reported about 1 year ago
S&P Global warns that France's hung parliament, resulting from the recent snap legislative elections, will complicate policymaking and could lead to more debt or a prolonged economic downturn triggering another credit rating cut. The credit rating agency downgraded France in May and now highlights the challenges ahead in forming a government and addressing economic concerns amid the split parliament, with the possibility of struggling to implement effective policy measures and facing a risk of a vote of no confidence.
Source: YAHOO