RE: LeoThread 2025-09-08 7:10
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French National Assembly: MPs reject François Bayrou, government falls.
Prime Minister François #Bayrou was ousted on September 8 following a vote of #confidence that was overwhelmingly rejected by MPs, a first under the Fifth Republic (i.e. since 1958). François Bayrou must now submit the government's #resignation to President Emmanuel #Macron.
The #rating agency #Fitch could downgrade France to “single A” on September 12.
It's worth noting that out of the 1100 billion euros of French public #debt added since 2019, around 450 billion haven't been reflected as economic growth, meaning that debt hasn't been invested in anything productive.
This #downgrade could discourage foreign investors. Some of the players who buy French debt, notably pension funds and major insurers around the world, would automatically stop buying below a “double A” rating.
