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France's credit rating was downgraded by Fitch from AA- to A+ due to political instability and fiscal challenges. The move follows the resignation of Prime Minister François Bayrou after a confidence vote over austerity measures. The new government, led by Sébastien Lecornu, faces hurdles in passing a budget and stabilizing public debt amid rising bond yields and economic pressures. Today's date: Thu, 18 Sep 2025 18:21:04 +0100.
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The US national debt has reached $38 trillion, marking the fastest trillion-dollar increase outside of the COVID-19 pandemic. Experts warn this trajectory is unsustainable, with rising interest costs and inflation threatening future economic stability. The debt growth reflects ongoing fiscal challenges and political inaction.
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ECB President Lagarde advocates for reforms in EU governance, corporate law, and mutual recognition to reduce internal barriers and boost growth. She praises recent increases in defense and infrastructure spending, emphasizing their positive impact on Europe's economy.