EXPLAINED: France's Debt Hits 48-Year High; Why Paris Faces €54 Billion In Cuts | Times Now World

France is facing a critical debt crisis, with levels reaching their highest since 1978. Driven by persistent budget deficits and the highest public spending in the euro area, the government is trapped in a cycle of borrowing and rising interest costs. Despite proposed spending cuts, political instability and economic pressures make deficit reduction increasingly difficult.