The Journal. · Friday, October 23, 2026
France is grappling with a ballooning debt and deficits running north of 5% of GDP. Over the next three years, the country must refinance roughly $1 trillion in debt at significantly higher interest rates, with annual debt service costs expected to reach hundreds of billions of dollars.
“Over the next three years, France is going to have to refinance roughly $1 trillion in debt. all of that debt has to be rolled over. And it's not going to be rolled over at 0%.”
“Next year alone, the total interest on France's debt will hit around $360 billion, By 2030, interest payments could dwarf the country's entire military budget.”