Three years after her arrival at the Palazzo Chigi, Italian Prime Minister Giorgia Meloni still enjoys high approval ratings. The strict budget policies of her government have paid off: credit rating agencies have upgraded Italy’s sovereign debt rating.
Moody’s decision not to lower France’s credit rating will be a relief for the government after downgrades by S&P and Fitch in recent weeks.
Credit ratings agency Moody’s on Friday maintained France’s Aa3 sovereign rating but downgraded its outlook to “negative” from “stable,” warning that mounting political fragmentation could hinder efforts to rein in the country’s swelling deficit.
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Uncertainty looms over France’s ability to cut its debt, ratings agency’s chief credit officer tells POLITICO.
The ratings cut comes after French Prime Minister Sebastien Lecornu committed to suspend an unpopular law that raised the retirement age.
French sovereign downgrade is the third in recent weeks and heaps pressure on Sébastien Lecornu’s budget plans
Two big U.S. bankruptcies have revived memories of the last time the financial sector went bad.
Sébastien Lecornu remains under pressure as he seeks to pass a budget through France’s fractured legislature.
Increasing debt and five prime ministers in less than two years has Paris in a precarious position as Rome enjoys political stability.
Sébastien Lecornu is meeting with the Socialists ahead of a walkout that is expected to paralyze the country.
The downgrade comes as France is going through a political crisis and is struggling to cut its massive public debt.
Fitch downgrade to lowest level on record complicates new prime minister Sebastien Lecornu and President Emmanuel Macron’s efforts to control France’s financesThe Fitch agency downgraded France’s credit rating on Friday, as President Emmanuel Macron st…
The warning comes despite Poland being one of Europe’s fastest growing economies.
The country pays out over €400 billion to retirees annually. But changing it is likely to kill off another prime minister.
Governments can decide to ask for cheap loans from the EU before Tuesday’s deadline.
François Bayrou’s plans to find €40 billion in budget adjustments for 2026 look likely to bring down his government.
The prime minister’s effort to find common ground on retirement reform has a Monday deadline.
The firm said it expects federal deficits to widen, mostly due to increased interest payments on debt, rising entitlement spending and relatively low revenue generation.
Losing €4 million a day and without a government, Belgium’s capital is in desperate need of leadership.
The eligibility ban on presidential hopeful Marine Le Pen and the market-wrecking tariffs of U.S. President Trump are just the latest challenges roiling Emmanuel Macron’s second term.
France, Italy and Spain are seeking to boost military spending based on grants rather than loans to avoid increasing their debt loads.
A week after the tanker crash off the English coast, officials are trying to work out the damage done — and who is going to pick up the bill.
Rating agency keeps negative outlook as “political deadlock and polarization” complicate the government’s effort to tackle debt.
Investors have developed a taste for EU-branded debt — Brussels may soon test their appetite again.
Brussels “deserves policies that go beyond the tactical games of low politics,” David Leisterh says in resigning as lead negotiator.
The prime minister has failed his first big test. Despite another bunch of ministers, he hasn’t built a broader political base.
Will François Bayrou’s government collapse over a budget vote, just as his predecessor’s did?
Agency’s warning of weakening public finances underlines challenges facing new prime minister François Bayrou
“Political fragmentation” in Paris means there is a “very low probability” of reducing the ballooning fiscal deficit, ratings agency says.
Only a miracle can save Barnier. There doesn’t seem to be one on the horizon.
Ratings agency S&P upheld its “AA-/A-1+” credit rating for France on Friday, maintaining a stable outlook despite the country’s mounting debt and political instability. While the agency acknowledged delays in fiscal reforms, it expressed confidence in…
The ratings agency cited “increasing risk” over the country’s debt and deficit.
Germany’s proposed revision of its Federal Data Protection Act (BDSG) would allow automatic credit scoring, a common practice that is currently in legal muddy waters.
S&P and Moody’s cut ratings by five notches as utility struggles to refinance
Moody’s upgraded Kazakhstan’s long-term credit rating from Baa2 to Baa1 with a “stable” outlook – the highest rating the agency has assigned to the country since its independence.
Russian military intensifies pressure on key Ukrainian transport hub of Pokrovsk; Kyiv receives bodies of 250 slain soldiers in exchange with Moscow. What we know on day 892See all our Ukraine war coverageRussian assaults are raising pressure on the st…
Markets will certainly make their position known if politicking threatens to stretch public finances.
The leader of France’s National Rally reignited market unease after hinting that a major fight with the EU is still on the cards.
The rise of the far right is sending tremors through financial markets and could push French debt deeper into the danger zone.
French Economy and Energy Minister Bruno Le Maire claimed to have “saved the French economy” after the COVID pandemic and the war in Ukraine after Standard & Poor’s Global Ratings downgraded the country’s credit rating on Saturday.
Standard & Poor’s cut its rating on France’s sovereign debt on Friday (31 May), delivering a painful rebuke of the government’s handling of the strained budget days before an EU parliamentary election.
Finance Minister Bruno Le Maire said the downgrade was the price to pay for bolstering the economy with public support during the pandemic and the inflation crisis.
S&P warns debt ratios will only worsen in coming years and put Paris’s 2027 target for controlling deficit out of reach
Credit rating agency Moody’s is ready to look into the potential credit score implications of the European Investment Bank’s expected expansion into a broader range of defence and military assets, Euractiv understands.
