法国央行行长警告：若不解决预算和债务问题，法国经济将面临“逐渐窒息”风险

Core Insights - The Governor of the French Central Bank, François Villeroy de Galhau, warned that without addressing budget and debt issues, the French economy faces the risk of "gradual suffocation" [1][2] - Moody's recently downgraded France's sovereign rating outlook, reflecting concerns over political instability and severe budget issues [1][2] Economic Situation - France's public debt has reached €3.3 trillion, with the government deficit projected to be 5.4% of GDP in 2025, only slightly improved from 5.8% the previous year [1] - The IMF forecasts that if no policy adjustments are made, the deficit rate could expand to 5.8% in 2026 and further to 6.2% in 2027 and 2028, remaining around 6.3% in 2029 and 2030 [1] Interest Rates and Investment - Higher interest rates have increased borrowing costs for households and businesses, leading to a shift in funding away from priority areas like defense and environmental initiatives [2] - Economic uncertainty has resulted in increased savings among the public and delayed investments by companies [2] Taxation and Fiscal Policy - The controversial "Zuckerman tax" (wealth tax) is being discussed as a measure for achieving "tax fairness" in the 2026 budget [2] - The wealthiest individuals are perceived to benefit from tax reductions through various mechanisms, prompting calls for reform [2] Future Outlook - Despite the negative outlook from rating agencies, the French Central Bank Governor expressed confidence in a moderate growth rate of approximately 0.7% for 2025, indicating that France remains a leading country in job creation in Europe over the past decade [2]