France downgraded by S&P as budget uncertainty ‘remains elevated’
Shorouk Express The freeze of the pensions law until the next presidential election in 2027 was significant concession to the Socialist Party. Retirement reform was considered a flagship achievement for French President Emmanuel Macron. “Uncertainty on public finances remains elevated ahead of the 2027 presidential elections,” S&P said in its statement. “One example of this is the new…