The government has promoted its reforms and had "very close discussions" with the financial agency Standard and Poor's, before its expected rating of the French debt in early June, said Elisabeth Borne in an interview broadcast Sunday by Radio J. These exchanges took place with Finance Minister Bruno Le Maire, said the Prime Minister, who was asked about the risk of a downgrade of the country's credit rating, after that imposed at the end of April by the Fitch agency.
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I think we are carrying out reforms, we recently presented a trajectory of our finances until 2027 in which we want, as the President of the Republic had promised, to reduce our deficit to 2.7% (of GDP) in 2027, "she argued. "We also have the commitment in this trajectory to reduce our debt, and this is what the Minister of Economy had the opportunity to explain to Standard and Poor's," continued the head of government.
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The major rating agencies regularly assess the ability of governments to repay their debt. At the end of April, the Fitch agency had lowered the rating of the France, citing the strong social tensions at work around the pension reform.
Asked about a possible risk of recession in France, the Prime Minister said that the government "acts so that this is not the case". "We are not just spectators wondering what the situation is going to be," she said.
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We act to support our businesses, economic growth, to support activity, and to be able to have growth including in the service of the ecological transition and growth in the service of our social model, "continued Borne.