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France's Debt Hits 3.4 Trillion Euros Amid Turmoil

9/26/2025

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Summary

Story summary

France's public debt rose to 3.4 trillion euros, 115.6% of GDP, amid political turmoil.
New Prime Minister Sebastien Lecornu faces pressure to propose a budget by mid-October.
Fitch downgraded France to A+, citing government instability and rising debt.
Labor unions threaten protests against austerity; analysts warn failure to address the budget could trigger investor flight and higher borrowing costs.

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Story summary

France's public debt rose to 3.4 trillion euros, 115.6% of GDP, amid political turmoil.
New Prime Minister Sebastien Lecornu faces pressure to propose a budget by mid-October.
Fitch downgraded France to A+, citing government instability and rising debt.
Labor unions threaten protests against austerity; analysts warn failure to address the budget could trigger investor flight and higher borrowing costs.