After the downgrade by Moody's, François Bayrou under pressure to straighten out the accounts

After the downgrade by Moody's, François Bayrou under pressure to straighten out the accounts
After the downgrade by Moody's, François Bayrou under pressure to straighten out the accounts

NARRATIVE – Michel Barnier's successor will have to manage everything in order to pass a budget, which resolutely tackles the slippage of public finances.

« Surprise this morning : despite the motion of censure, the sun has just risen over »launched Laure Lavalette, RN deputy for the day after the fall of the Barnier government. From one extreme to the other of the Hemicycle, the deputies of the flame party like those of LFI denounced the « catastrophism » of a Michel Barnier who alerted, a few days before, about « a probably quite severe storm and serious turbulence in the financial markets » in case of censorship. Although the sun certainly continued to rise every morning over the country, it was nevertheless in a darkened sky that France woke up this Saturday, December 14, after the surprise downgrading of the French rating by Moody's a few hours after the appointment by François Bayrou in Matignon.

The American rating agency downgraded the country's long-term credit rating – as it had envisaged in October – from “Aa2” to “Aa3″…

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