Debt: can a downgrade of the France on the markets cause a financial earthquake?

2023-06-02T07:13:41.023Z

Highlights: New assessment of French debt will be made by Standard & Poor's on Friday. The possibility of a debt crisis is provoking strong reactions in recent days. This is the characteristic of a note: simple to understand and easy to compare. This article is part of a two-part series on the impact of the debt crisis in France. The second part of the series will focus on how the crisis has affected the French economy. To read the rest of the article, click here: http://www.dailymail.co.uk/news/article-263876/New-assessment-of-French-debt-to-be-made.html.

A new assessment of the sustainability of French debt will be made by the rating agency Standard & Poor's this Friday. Le Figaro takes stock of the impact it can have.

Their names are enough to revive painful memories of a crisis that hit Europe, Greece in particular, hard at the beginning of the last decade. Moody's, Fitch, Standard & Poor's. Three American giants that distribute good and bad points on the financial markets; where companies and States are lent the funds essential to their investments and – for some – to their operation. Standard & Poor's is due to release its new assessment of the France's debt sustainability on Friday evening.

The possibility of a downgrade is already provoking strong reactions in the public debate, to the point of occupying the most prominent members of the government in recent days. This is the characteristic of a note: simple to understand and easy to compare. A few hours before the verdict, Le Figaro sought to grasp the real economic and financial repercussions of a downgrade of the France on the financial markets.

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Source: lefigaro

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