France has become one of the most financially troubled countries in Europe, with an outsize debt and deficit that are likely to keep ballooning.
Fitch warned that it could be revised lower if the government's budget plans fall apart, reflecting greater financial risks that have swirled in France.
The episode left Parliament deeply divided, split nearly evenly between warring political factions on the left, right, and center, making it harder to pass budget cuts.
France is now well in excess of EU limits, drawing a formal rebuke recently from the European Union for its spiraling debt, which is over 110 percent.
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