Moody's downgrade of France's debt rating to Aa3, below the highest rating, signals a lack of confidence in the government's ability to manage its fiscal challenges effectively.
The political turmoil in France has left the nation grappling with significant economic instability, as President Macron's new appointment of Prime Minister Bayrou faces daunting financial hurdles.
With no functional budget in place, new Prime Minister Bayrou must act quickly to prevent a government shutdown while navigating a deeply divided Parliament.
Moody's warning about France's fiscal deficit emphasizes the risk of a negative feedback loop, exacerbating higher debt levels and increasing borrowing costs for the country.
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