Globalization
France: Fiscal Consolidation and the Reduction of Differences between Peripheral and Central Countries
France has faced fiscal challenges since 2009, with rising budget deficits and public debt, while the political crisis is exacerbated by the fall of Michel Barnier’s government in 2024. Italy is also facing problems due to its high debt and low growth. The French fiscal situation is delicate, affecting the economy and recessing that of the financial markets.
September 3, 2025