With the uncontrolled slide of its deficit, France confirms its place among the dunces of the euro zone.
This risks complicating the task of Emmanuel Macron and Bruno Le Maire, when they plead with their partners for more spending or more borrowing on a European scale.
Of the twenty members of the euro zone, only Italy and Slovakia are doing worse.
In Italy, the 2023 deficit reached 7%, while Giorgia Meloni hoped to reduce it to 5.3%.
This did not prevent the Italian debt rate from falling from 140.5% to 137.3% of GDP in one year.
In France, on the other hand, the debt ratio is only falling very slightly, to 110.6% of GDP, compared to 111.9% in 2022. France is on the third step of the debt podium in the euro zone, behind Greece and Italy.
This is what worries you.
In a report published Friday, the European Commission judges
the risk to the sustainability of France's public finances in the medium term to be
"high" , even if it does not meet…
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