Bloomberg News

France Is the Weakest Triple-A Country in Europe, Riley Says

January 12, 2012

Jan. 12 (Bloomberg) -- France is the most vulnerable of the top rated euro zone countries, said David Riley, head of the sovereign-debt unit at Fitch Ratings.

“France has the largest structural budget deficit of the top rate euro countries, that is a fact” Riley said at a presentation in Paris.

By most measures, France’s government budget deficit is in better shape than either Britain or the U.S., he said. Britain’s borrowing requirements are lower, however, because of the maturity structure of its debt and because of bond buying by the Bank of England.

To contact the editor responsible for this story: Gregory Viscusi at gviscusi@bloomberg.net


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