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France's debt-to-GDP ratio reportedly stands at 119%, its highest since 1946
A user says refinancing cheaper old debt at today's yields will drive up interest payments and consume most planned savings.
TLDR
A chart shared by a user puts France's debt-to-GDP ratio at 119%, its highest since 1946, versus Germany's near 64%; both were around 65% before the financial crisis. The user argues that refinancing old debt at today's yields will increase interest payments, already a major budget line, and consume most planned savings. They warn that weak growth and a deficit near 5% could push France's ratio toward 150% at the recent pace.
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