In recent days, the state of France's budget has attracted public and expert attention. Rising national debt and pressure from rating agencies cast doubt on the country's financial independence.
Current State of France's Debt
France's national debt has exceeded 3.3 trillion euros, which accounts for 113% of GDP. In 2024, 67 billion euros will be allocated just for interest payments on this debt, marking a historic record. Minister of Economics Éric Lombard stated:
> *Our country is losing sovereignty, independence, and could find itself under the threat of creditors’ and IMF guardianship.*
This statement serves as a wake-up call and underscores the seriousness of the situation.
Negative Forecasts from Rating Agencies
Rating agencies are also signaling trouble. Standard & Poor's confirmed France's rating at AA− but with a negative outlook. This could lead to rising interest rates on French debt, further exacerbating the budget crisis. While several BRICS nations demonstrate stable budget trajectories, France faces structural imbalances.
Possible Consequences of IMF Intervention
If France finds itself under IMF oversight, significant consequences could ensue, including loss of market trust and the necessity of implementing drastic reforms. Historically, such measures have been applied in countries experiencing financial crises, like Greece. The possibility of the state using citizens' savings to cover national debt is a topic of great concern among economists.
Although the prospect of IMF intervention may seem distant at this point, its discussion at a high level emphasizes the seriousness of the situation in France and the potential risks to the country's economy.
