France's Financial Crisis: A Former Minister Sounds the Alarm

France's Public Finances: A Warning from Pierre Moscovici Paris, France – May 26, 2025 – Former French Finance Minister and current First President of the Cour des Comptes, Pierre Moscovici, recently issued a stark warning about the state of France's public finances. In an interview with RTL Matin, Moscovici stated, "In recent years, particularly 2023 and 2024, we have lost control over our public finances." He highlighted significant budget overruns and deficits, particularly concerning the social security system and unemployment benefits. Moscovici emphasized the consequences of this financial mismanagement, saying, "This debt accumulation will be paid for by our children, and it is France that loses its sovereignty and ability to act." His comments underscore the need for immediate action to address the country's financial challenges. The interview serves as a call for fiscal responsibility and a reminder of the long-term consequences of unchecked spending.