#FRANCE 24　Fitch downgrade casts shadow over new French prime minister’s budget battles • FRANCE 24 English

Fitch downgrade casts shadow over new French prime minister’s budget battles • FRANCE 24 English
Fitch’s downgrade of France’s credit rating has cast a pall over newly installed Prime Minister Sebastien Lecornu as he begins talks to draft a budget, while unions plan strikes over spending cuts and employers protest against the threat of tax hikes. Citing political instability and rising debt, Fitch cut its rating late Friday to A+ from AA-, giving France its lowest credit score on record just days after President Emmanuel Macron tapped Lecornu to be his fifth prime minister in two years.
#France #economy #Lecornu

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