Fitch’s real message

2023-05-19 07:00:00

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EDITORIAL. By downgrading the French debt rating, the agency warns of the risk of seeing an anti-system candidate access the Élysée in 2027.

Par Pierre Antoine Delhommais

Demonstration against the pension reform in Gap (Hautes-Alpes), January 31, 2023.
© THIBAUT DURAND / Hans Lucas / Hans Lucas via AFP

Published on 05/19/2023 at 07:00

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AGiven its total lack of impact on the financial markets, the Fitch agency’s decision to lower France’s debt rating may appear a posteriori as a non-event having been the subject of over-mediatization unjustified. This is to forget a little too quickly the important messages that it delivered: to alert the French to the disastrous situation of our public finances but also to denounce the lack of eagerness of the government to restore order there; finally, and above all, to point the finger at this French political exception which wants “radical and anti-establishment forces”as Fitch calls them, weigh exceptionally heavily in our country.

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