Bank of France Governor Emmanuel Moulin said the current economic situation was worrying and urged the government and parliament to take action to resolve the budget deficit. “I wouldn't say France is in danger, but the current situation is really worrying and unsatisfactory,” Moulin, who is also a member of the European Central Bank, said on RTL radio. “There are indeed some worrying issues, and some things need to be addressed urgently, especially public finance and budget deficits.” Despite the continued expansion of the Eurozone economy, France is struggling. Due to weak consumer spending and declining investment, the French government has lowered its economic growth forecast for this year from 0.7% to 0.5%. The ECB just raised interest rates on Thursday for the second time since the war began in Iran. The central bank also raised inflation expectations and said that the European economy as a whole showed unexpected resilience during this conflict. “Things are different in the Eurozone, where growth is strong and inflation is very high,” Moulin said. “We are acting for the entire Eurozone. Sometimes it's good for France, sometimes it's not.” “Interest rates are rising, and interest costs are also rising. By 2028 or 2029, we will soon face 100 billion dollars of debt repayment pressure,” he said, referring to the amount that France needs to pay every year to repay its debts.

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