On the eve of the presentation to the Council of Ministers of the government's draft budget for 2027, which will give rise to intense debates in Parliament, INSEE has published the figures relating to France's public debt in the 2nd half of the year, i.e. 3,595 billion euros and 119% of GDP, The net debt is slightly lower (3,366 billion) but up over one year by 191 billion.

On the same day, the interest rate on 10-year government bonds reached 4.75% compared to 3.55% at the beginning of the year. This was the ...

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The announcement of the downward revision of the French growth forecast for 2026 by the Ministry of Finance, reduced to 0.4% from 0.7% initially estimated, is not a surprise. The Bank of France had already reduced its to 0.6% in August. But the very negative comments that accompanied it are excessive and the European comparisons unwelcome. In an increasingly difficult international context, including a sharp rise in oil and natural gas prices and a summer marked by a real climate catastrophe, France will escape recession. Germany, after being plunged into it for two years, is barely out ...

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Political news in France is focused on the preparation of the 2027 budget, in the run-up to the next presidential election and in a context where the general rise in interest rates is affecting public finances already degraded by heavy debt. The stabilization of the deficit at around 5% of GDP in 2026 is not a given due to an unstable international environment that weighs on growth and new spending required by the consequences of the weather events that occurred this summer. 

If we put aside the project of cancelling part of the debt that would make France look like ...

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