Socialist Worker

French debt rating threat

Issue No. 2278

France’s rulers have a new headache on top of their economic woes. Agencies are threatening to lower the country’s “triple A” rating.

This would drive up borrowing costs for the government. One factor fuelling the crisis is that France has agreed to fund the eurozone’s 440 billion euro rescue fund—but also has a high budget deficit itself.


Click here to subscribe to our daily morning email newsletter 'Breakfast in red'

Mobile users! Don't forget to add Socialist Worker to your home screen.