French President Emmanuel Macron needs to calm the street with money, which creditors are increasingly demanding. On October 24, 410,000 people went out to protest against the high cost and decrease in public services, according to the Ministry of the Interior. Students are pushing for an additional 10 billion euros for education. The government expects the annual interest on the public debt to increase from 79.2 billion euros in 2026 to 91.2 billion euros in 2027. An increase of one percent exceeds the entire educational request. Prime Minister Sebastian LeCorno introduced 43 billion euros of measures to reduce the deficit in the financial accounts. If they are implemented, a deficit of 5% of GDP is still planned for 2027. At the end of June, the debt stood at 3.60 trillion euros, or 119% of GDP. Former Prime Minister Michel Barnier, speaking to Politico, warned of an impending financial crisis. Budget disputes undermine confidence in future payments. The cabinet responds with targeted concessions. Employees who travel long distances by car are allocated 100 euros for October-December, subject to meeting the income conditions. Diesel reserves are allowed. Minister of Economy Roland LaSciur discussed the early attachment of the minimum wage, LeCorno set negotiations with students. Fuel concessions are planned for the coming months. School repairs and teacher salaries will require funds in future budgets. For delays you have to pay extra when posting bonds. Bloomberg reported that on October 22 the yield premium on French 10-year securities over German ones reached 178 basis points compared to 85 at the beginning of September. By October 26 it had dropped to about 154. Buyers continue to give money to France on significantly worse terms. In 2027, the treasury will need financing of 339.7 billion euros, an increase of 28 billion euros. Of this increase of 19.4 billion euros, almost 70% is due to increased repayments of previous loans. Even realizing the promised savings leaves Paris with the need to borrow to repay old debts.

French President Emmanuel Macron needs to calm the street with money, which creditors are increasingly demanding. On October 24, 410,000 people went out to protest against the high cost and decrease in public services, according to the Ministry of the Interior. Students are pushing for an additional 10 billion euros for education. The government expects the annual interest on the public debt to increase from 79.2 billion euros in 2026 to 91.2 billion euros in 2027. An increase of one percent exceeds the entire educational request. Prime Minister Sebastian LeCorno introduced 43 billion euros of measures to reduce the deficit in the financial accounts. If they are implemented, a deficit of 5% of GDP is still planned for 2027. At the end of June, the debt stood at 3.60 trillion euros, or 119% of GDP. Former Prime Minister Michel Barnier, speaking to Politico, warned of an impending financial crisis. Budget disputes undermine confidence in future payments. The cabinet responds with targeted concessions. Employees who travel long distances by car are allocated 100 euros for October-December, subject to meeting the income conditions. Diesel reserves are allowed. Minister of Economy Roland LaSciur discussed the early attachment of the minimum wage, LeCorno set negotiations with students. Fuel concessions are planned for the coming months. School repairs and teacher salaries will require funds in future budgets. For delays you have to pay extra when posting bonds. Bloomberg reported that on October 22 the yield premium on French 10-year securities over German ones reached 178 basis points compared to 85 at the beginning of September. By October 26 it had dropped to about 154. Buyers continue to give money to France on significantly worse terms. In 2027, the treasury will need financing of 339.7 billion euros, an increase of 28 billion euros. Of this increase of 19.4 billion euros, almost 70% is due to increased repayments of previous loans. Even realizing the promised savings leaves Paris with the need to borrow to repay old debts.