India, Oct. 2 -- The euro weakened against other major currencies in the European session on Friday, due to growing budgetary concerns, French bond rates have surged to the highest level since 2002 at 4.96%.
According to an Associated Press (AP) article, France's state debt is currently 119% of GDP.
By 2029, France wants to cut its budget deficit from a target of 5% of GDP next year to the 3% EU cap. According to a Reuters article, France's Finance Minister (FM) Roland Lescure also unveiled the nation's 2027 budget bill on Thursday. Lescure claimed that the proposal will keep public finances back on track for budget reduction.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permissi...