The country will have to pay over three times more in interest payments by the end of the decade, Francois Villeroy de Galhau has said
France is at risk of gradual economic “suffocation” unless it addresses its budget and debt problems, the governor of the Bank of France has warned.
In an interview with La Croix on Saturday, Francois Villeroy de Galhau acknowledged that France is facing a “serious budgetary problem,” as the government deficit remains high at 5.4% of GDP in 2025, only slightly improved from 5.8% last year. He said France must bring the shortfall down to 3% by 2029 to restore fiscal credibility.
“Our country is not threatened…
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