Debt: Debt ratio of 117.5 percent: France's budget becomes a stress test before the election
Rising interest rates are exacerbating France's debt problem. The Prime Minister is warning of a financial crisis, but the opposition wants to block the budget ahead of the presidential election.
France is heading into a crucial phase before the presidential elections, with the government facing opposition over its planned budget for 2027. The draft budget has become a major point of contention, with Prime Minister Sébastien Lecornu seeking to make billions in cuts, while the opposition aims to gain traction. The government must present its budget by the end of the month, but faces threats of blockage from opponents, including presidential candidate Jean-Luc Mélenchon, who plans to table a no-confidence motion.
The situation has raised concerns about France's financial credibility, with implications for its relationship with Germany.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
