France on the brink of an unprecedented financial crisis: half of its debts are in the hands of foreigners

French Interior Minister, Bruno Retailleau, warned of the seriousness of the financial situation his country is experiencing, emphasizing that France "has never been this close to the edge of a financial abyss."

This came during his participation in the Republic Laboratory Forum in the city of Autun, eastern France, according to what was reported by Le Figaro newspaper.

Retailleau explained that about 54% of France's public debt is now in the hands of foreign investors, stressing that the issue is no longer just an economic matter, but has turned into a matter concerning independence and national sovereignty.

In the same context, French Prime Minister, François Bayrou, announced on August 25 his intention to present a motion of no confidence in the government for a vote in the National Assembly on September 8, justifying his step by the worsening economic crisis, especially the continued growth of public debt.

According to Bayrou, the French government debt is increasing at a rate of 12 million euros every hour, currently reaching 3.4 trillion euros, a figure that presents unprecedented challenges for French public finances in terms of management and sustainability.