France’s Debt Climbs to Highest Since 1978
7 Articles
7 Articles
The French Ministry of Finance reports worrying figures: the country's public debt has reached a historically high level. According to the national statistics office ...
France expects a significant increase in its debt to a mountain of debt that could exceed the level at the end of the 1970s. Savings are supposed to help, but Parliament is deeply divided.
France has returned to levels of government debt as in 1978. Only Greece and Italy have even more debt in the euro area.
The French Finance Ministry announced on Saturday that the country's debt burden is growing and is at its highest level since 1978 this year due to a sharply increasing deficit.
France's debt will reach its highest level since 1978 this year, the country's finance ministry said on Saturday. The rise in French debt is "a consequence of a deficit that remains high."
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