In his inaugural address to parliament, the new French Prime Minister Michel Barnier highlighted the pressing issue of France's mounting debts, describing them as a 'sword of Damocles' hanging over the country's finances. Barnier emphasized the need for immediate action to address the colossal debt that poses a significant threat to the stability of the European Union's second-largest economy.
The opening of parliament marked the beginning of what is expected to be a turbulent period in the National Assembly, following inconclusive elections three months ago that failed to produce a clear winner. With his minority government lacking a clear majority in parliament, Barnier faces the challenge of navigating a divided chamber and garnering support for his policy agenda.
