France's H1 Deficit Tops €107 Billion, Fitch Downgrades Rating to A+ as Full-Year Deficit Could Surge to 8% of GDP - finance.biggo.com
France's H1 Deficit Tops €107 Billion, Fitch Downgrades Rating to A+ as Full-Year Deficit Could Surge to 8% of GDP - finance.biggo.com
Source: finance.biggo.com
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DW NOTE
France ran a €107 billion deficit in the first half alone — that's 4% of GDP before the year is halfway done. Fitch downgraded them to A+ and warned the full-year figure could hit 8% of GDP. For context, the U.S. deficit is running at 6% with the dollar as reserve currency and Treasury markets anchoring global finance. France has neither and is now borrowing at twice the pace it can plausibly sustain without external intervention.