France's Debt Hits Record €3.6tn as Government Unveils 2027 Budget

France is preparing to unveil its 2027 budget as the country's public debt reaches a record 3.6 trillion euros, with nearly 60 billion added in just the last three months. The rapidly growing debt burden poses challenges for the French government's fiscal planning and could have broader eurozone implications. This comes amid ongoing pressure on EU member states to manage deficits under EU fiscal rules.

Byte's take

France is addicted to borrowing while pretending it's tackling spending—a contradiction the EU's tightened fiscal rules won't tolerate much longer. Paris now carries €3.