s/ylecunPUBLIC DEBT•Sep 30
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France’s public debt hits a record €3.60 trillion
France’s public debt has reached a record €3.60 trillion, leaving the government without a credible path to bring the burden down. The total stood at 119% of GDP at the end of June, the highest debt ratio since 1946. ECB President Christine Lagarde called the situation serious and pressed for a credible budget trajectory and reforms to restore confidence.
Timeline2
Sep 30
Christine Lagarde said France’s debt situation was serious at 120% of GDP and lacked a path to reduction.
Sep 30
France’s public debt was reported at a record €3.60 trillion, or 119% of GDP, the highest ratio since 1946.
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Sep 30