Moody's Warns of France's Debt Risks Amid Political Uncertainty Following Elections

Moody's Warns of France's Debt Risks Amid Political Uncertainty Following Elections

Moody's has raised alarms about France's ability to manage its debt after recent legislative elections resulted in a hung parliament. The credit agency is concerned that political uncertainty may stymie efforts to reduce the national deficit, which has already surpassed targets. Finance Minister Bruno Le Maire also voices worries about fiscal discipline amid potential higher public spending.