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Moody's recent decision to downgrade France's credit outlook underscores the urgent need to pass a budget that tackles the ballooning deficit. But without a parliamentary majority, Prime Minister Michel Barnier will have to overcome resistance from the left, the right, and within his own centrist coalition.
Philippe Aghion and Benedicte Berner
31 October 2024
Project Syndicate
https://www.project-syndicate.org/commentary/france-grapples-with-budget-crisis-political-gridlock-by-philippe-aghion-and-benedicte-berner-2024-10
This work is published under POID and the CEP's Growth programme.