Statements from French Economy Minister Lescure on S&P's Rating Downgrade

French Minister of Economy and Finance Roland Lescure made important statements regarding the international credit rating agency Standard & Poor's's (S&P) decision to downgrade the country's credit rating to A+/A-1 level. Lescure emphasized that this downgrade is not only an economic decision but also a 'call for common sense and responsibility'.

The Minister stated that he sees S&P's decision as an opportunity to evaluate the country's current financial situation and future projections more meticulously. Lescure underlined that necessary steps would be taken to maintain France's economic stability and protect its reputation in international markets.

Additionally, Lescure highlighted the impact of France's recent economic difficulties and high public debt levels on credit ratings. He expressed that such determinations should be managed with strong measures to prevent shaking confidence in the markets.

Lescure noted that the government's fiscal policies are designed to provide healthier and more sustainable growth, and in this context, there will be greater sensitivity to the needs of the public and businesses. He pointed out that S&P's decision serves as a warning that could strengthen France's fiscal discipline.

In conclusion, Lescure stated that France needs to accelerate its economic reform efforts, thus regaining the confidence of international credit rating agencies. The Minister's statements aim to provide a reassurance against uncertainties regarding France's economic future in the markets.