PARIS: France’s surging national debt is causing increasing alarm with the country risking a fresh warning on Friday over its credit rating after a downgrade.
The leading ratings agency Fitch in April lowered its rating on France’s debt, which is approaching three trillion euros ($3.2 trillion).
It pointed to the country’s hung parliament and public protests as risks to plans by President Emmanuel Macron to cut government spending.
S&P Global is set to update its advice on Friday, with the country risking further censure over its chronic overspending that last saw a government run a budget surplus in the 1970s.
“We will be uncompromising…
