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France faces ballooning debt, broken politics
France recorded a government budget deficit equal to 5.8 % of the country's GDP in 2024.
PM Bayrou warned:
In 3-4 years, debt interest could hit over $108 billion per year — equal to the combined budgets of education and defense.
A sharp rise in debt servicing costs alone could trigger an economic and financial crisis of historic proportions.
France recorded a government budget deficit equal to 5.8 % of the country's GDP in 2024.
PM Bayrou warned:
In 3-4 years, debt interest could hit over $108 billion per year — equal to the combined budgets of education and defense.
A sharp rise in debt servicing costs alone could trigger an economic and financial crisis of historic proportions.
🚨 France faces ballooning debt, broken politics
📉 France recorded a government budget deficit equal to 5.8 % of the country's GDP in 2024.
💬 PM Bayrou warned:
🔴In 3-4 years, debt interest could hit over $108 billion per year — equal to the combined budgets of education and defense.
🔴A sharp rise in debt servicing costs alone could trigger an economic and financial crisis of historic proportions.
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