Hollande warns the French government - "I, who saved Greece, tell you to be careful with debt"

The former French president referred to Greece when discussing the debt issue and the need to faithfully observe the budget when speaking on The Parliament Channel (LCP).

"I, who saved Greece, know that we must not allow the fiscal figures to be diverted and the debt to become unsustainable," said François Hollande, before stressing that his country is not yet at this point.

"We are not yet at that point," assured the former French head of state, confirming that France's signature on the financial markets was today "the equivalent of Greece's signature."

"We need to move towards deficit reduction, which I did during my tenure" to maintain France's "sovereignty" and "independence" but also "to avoid the 'dizziness' of 'debt accumulation'" and the rise in interest rates, Hollande argued.

"If we let this deficit run," there will be "growth consequences" because "interest rates will rise" and "financial burdens will be unbearable," which in turn "will result in weakness for tomorrow and the day after tomorrow to finalise the budget," he emphasised.

But "what I fear is that Michel Barnier knows that he is in Matignon (prime minister's office) for a short time and that he is not going to make the structural reforms that would be expected from a government," the former president added.

A post of his interview was published on X and community noted.

"The management of the Greek crisis by the EU and by extension François Hollande increased unemployment by 200% and caused the GDP to fall by 25%," the community note stated.

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