2024-12-14 13:29:08
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France's Political and Financial Challenges Under Bayrou
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Moody’s Downgrades France’s Credit Rating, Citing Political Turmoil
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Economy
Finance
Moody's downgraded France's debt rating to Aa3, citing political instability and doubts about the new government's ability to address the country's deteriorating fiscal situation, which includes 60 billion euros in spending cuts and tax increases. The previous prime minister, Michel Barnier, was ousted over these plans, and the new prime minister, François Bayrou, faces the urgent task of finalizing a stopgap measure to avoid a potential government shutdown before drafting a new budget to push..
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Moody's Agency Downgrades France's Creditworthiness
Politics
Finance
Economy
Moody's downgrades France's creditworthiness from Aa2 to Aa3 as the public finances are weakened. Macron appoints Bayrou as Prime Minister after the previous Barnier government was overthrown by parliament. France is politically divided and needs to get its high new debt under control.
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