Bad news after the legislative elections – New Tribune

Although the results of the legislative elections have just been announced,Standard & Poor’s Ratings Agency Want to remind France. In fact, it confirms that debt (budget deficit) management is not really up to expectations, which puts the country under pressure. Therefore, if growth is lower than announced, the overall rating may be downgraded.

To be precise, the inability of the government to move in the direction of good public spending management, due to the fact that Parliament is almost divided into three large and different groups, makes us fear the worst. Today, it ranks fourth (AA-) among rating agencies, France May experience another disappointment.

Is France about to have its ratings downgraded?

Next Budget The latter, in fact, must appear before early autumn. On that day, the rating agencies will know whether France plans to comply with EU budget rules Therefore, whether to reduce its public deficit to below 3%.

Standard & Poor’s However, he claimed that so far, it seems complicated for France to fulfill its commitments. In fact, the new government that emerges from the negotiations between the main parties will be under constant threat of scrutiny, which will completely lose confidence. Therefore, it seems difficult to imagine that important measures will be taken in the coming weeks and months.

All hope is not lost in Paris

The fact remains that everywhere Europethe state already exists. What we think of is Belgiumhave Italy Even to GermanyThey have always been able to deal with governments on all sides and get through it, so it’s not over yet and France can indeed move forward successfully as long as everyone is prepared to work in the same direction.