French public debt breaks record

  The level of public debt in France continued to rise and marked a new recession. France has been grappling with the public debt crisis for a long time and the internal unrest and chaos in France has fueled this situation. According to the French newspaper Figaro on Friday, France's public debt in the second quarter of this year (2023) is approaching three thousand and 50 billion euros and still shows that, despite warnings, the public debt level curve continues to increase . According to this report, France is one of the worst performing countries in the Eurozone. This newspaper, citing the National Institute of Statistics and Economic Studies, announces that, after exceeding the symbolic threshold of three trillion euros in the first quarter, France's debt increased again by 89 billion euros at the end of the first quarter of this year. reaching 118.2% of GDP.

Figaro added that, according to the note published on Friday by the country's statisticians, the public debt has crossed the border of 340 billion euros, reaching 34 thousand 46.9 billion euros, and this debt has increased by 34.5 billion euros . According to the European Union treaty known as the Maastricht Treaty, the debt of European governments should be limited to 60% of GDP, but in France it has already become a historic record. According to forecasts by Goldman Sachs, the American financial investment institute, France's public debt level will remain at this high level or increase until at least 2024.