barely appointed, François Bayrou already confronted with the reducing of France’s score by Moody’s | EUROtoday

Not the slightest state of grace. It is 25 minutes previous midnight this Saturday, December 14, François Bayrou has taken possession of Matignon only a few hours in the past, when an surprising press launch comes: Moody’s lowers France’s score. For the American company, the French public funds danger sinking into difficulties within the coming years, and the nation not deserves the “Aa2” score, the equal of 17 out of 20, which it had stored till now. . The score is lowered to “Aa3”, a notch decrease, as with Standard & Poor’s and Fitch. Dirty welcome reward.

François Bayrou had no illusions in regards to the dilapidation of public accounts. The deficit “did not disappear as if by magic” after the movement of censure, Michel Barnier warned throughout their switch of energy on Friday. “No one knows the difficulty of the situation more than me,” the model new prime minister replied. Before recalling that in 2007, he had made the necessity to cut back the French debt the main axis of his unlucky marketing campaign for the Elysée: “Everyone stated: ‘He’s fully loopy, we’re not working a marketing campaign on debt.’ »

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