“In the first place, it is a political responsibility”: the Bancaire Federation of France punishes the budgetary policies that led to the deterioration of the sovereign note of France

The fault of politics, not for companies. Fitch degradation of the French sovereign note is “the first political responsibility,” said the president of the French Banking Federation on Saturday, Daniel Baal, asking for “a commitment budget” by 2026.

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Daniel Baal also stressed “the lack of dialogue” between political leaders and “a true discomfort of a large part of the French who have the feeling of not being heard and even less than being heard.”

To get out of “El Impasse”, the manager asked for dialogue and build “a commitment budget.” “The new prime minister seems to have the correct method today,” he said.

The degradation of the French note can have the consequence of adding the cost of the loans of France, even if the situation is already largely made up of markets, as well as the cost of refinancing banks, according to Daniel Baal. But for people and companies, “I am well waiting for the level of rates to remain almost stable,” he added.