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.

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31 October 2024

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Project Syndicate

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https://www.project-syndicate.org/commentary/france-grapples-with-budget-crisis-political-gridlock-by-philippe-aghion-and-benedicte-berner-2024-10

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