Veytics Intelligence
2026-09-29 · Politico

French debt hits 119% of GDP

PARIS — France accrued nearly €3.6 trillion in debt amounting to 119% of gross domestic product as of the end of June, national statistics agency Insee said Tuesday . The figures were released as pessimism mounts over the future of the French economy, whose debt levels are starting to get closer to those of Italy and Greece — two of the eurozone’s most indebted countries — while growth stagnates. French Prime Minister Sébastien Lecornu said earlier this month that he plans to propose savings worth €54 billion in the 2027 budget, which will be formally unveiled on Thursday.

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