France is forced to borrow at higher interest rates due to its growing public debt and credit rating downgrades. Therefore, the country's economy may face the risk of "suffocation".

Axar.az reports that this was stated by the head of the Bank of France, François Villeroy de Gallo, in an interview with the newspaper "La Croix".

"All rating agencies are concerned about political instability and our serious budget problem. We are not facing bankruptcy, but gradual suffocation. France's weakening economy is due to the increase in interest rates on public debt. If in 2020 these costs were 30 billion, by the end of the decade, the figure will exceed 100 billion. This situation will lead to an increase in interest rates for both families and businesses," Gallo said.

He added that such economic difficulties also negatively affect France's international reputation.