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New French PM Drops Holiday Cuts After Credit Downgrade

New French PM ScrapsDrops ProposalHoliday toCuts CutAfter TwoCredit Public HolidaysDowngrade

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The Spin

The Fitch downgrade exposes the dangerous consequences of political instability and fiscal irresponsibility that have plagued France for decades. Abandoning necessary budget cuts like the holiday elimination only worsens France's debt crisis, which already exceeds eurozone limits by massive margins. Without decisive action to control spending, France risks further downgrades that will increase borrowing costs and threaten economic sovereignty.


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All rights reserved.

Version 6.18.0