Public Debt
S&P downgrades France's sovereign rating from AA- to A+
Reported by AI
Standard & Poor's rating agency downgraded France's sovereign rating from AA- to A+ on Friday evening, citing persistent uncertainty over public finances despite the 2026 budget proposal. This anticipated decision, the third in a year, is largely attributed to the suspension of pension reform. Economy Minister Roland Lescure sees it as a call for lucidity and collective responsibility.
Spain's public debt falls to 103.4% of GDP
Reported by AI
Spain's public debt has dropped nearly two percentage points from last year, reaching 103.4% of GDP in August. This decline reflects progress in fiscal consolidation and the country's economic growth.