Moody’s sanctions political and budgetary corruption | EUROtoday

“ EFinally the troubles begin. » It was by quoting this sentence from François Mitterrand that François Bayrou commented, all smiles, on his appointment to the post of Prime Minister. Unfortunately for him, he didn’t think he was saying that well. Less than six hours after settling into the Matignon hotel, the Moody’s agency announced that it was lowering France’s sovereign debt rating by one notch, downgraded from Aa2 to Aa3. A surprise, at least in terms of its timing, to the extent that, at the end of October, she had decided to keep this note unchanged.

“We expect that France’s public finances will be considerably weaker over the next three years compared to our base scenario for the month of October,” the company wrote in its press launch printed Friday night…