The country’s political “fragmentation” puts its ability to deal with the deficit and rising debt at risk, Moody’s has warned
Moody’s credit ratings agency has revised France’s outlook from ‘stable’ to ‘negative’, citing political “fragmentation,” which it warned could cripple the country’s ability to address key policy challenges.
France, the EU’s second-largest economy, has struggled to rein in spending as debt hovers around 115% of GDP amid persistent political turbulence.
President Emmanuel Macron’s government has lacked a parliamentary majority for two years, leaving the country divided among three rival blocs.
France has gone through five…
Read the full article at RT.COM
