In response to the downgrade, Finance Minister Roland Lescure said the government 'reaffirms its determination to meet the deficit target of 5.4% of GDP for 2025.'

French sovereign downgrade is the third in recent weeks and heaps pressure on Sébastien Lecornu’s budget plans

In response to the downgrade, Finance Minister Roland Lescure said the government 'reaffirms its determination to meet the deficit target of 5.4% of GDP for 2025.'