DECRYPTION – France emerges as the least ambitious country in the euro zone in terms of controlling its debt.
In absolute terms, the astronomical level of French debt is nothing to worry about. It all depends on the environment. Despite the continuous rise in the hexagonal ratio of debt to GDP, in recent years, investors have also remained very fond of the securities issued by Bercy. But the lines could move in the wake of the war in Ukraine, which is widening the differences between the States a little more.
France does not stand out for good
First of all, the markets are showing global nervousness towards old Europe, which is paying a high price for the conflict, in particular because of its exposure to Russian hydrocarbons. The slow devaluation of the euro against the dollar testifies to this concern. And, within this battered euro zone, France stands out, and not for the better. The comparison of the public finance projections of the various European States by 2027 thus appears painful for France, which emerges as the least ambitious country in the euro zone in terms of control of…
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