The new French prime minister says the country’s 'colossal' debt is the 'sword of Damocles'
In his inaugural address to parliament, the new French Prime Minister Michel Barnier has warned that “colossal” and spiraling debts are a “sword of Damocles” hanging over the finances of the European Union’s second-largest economy and announced belt-tightening and more taxes to reverse the trend
9:30AM ( 4 weeks ago )