Moody's downgraded the ratings of seven French banks following a credit score cut for France amid ongoing political instability. This led to a decline in bank stocks and increased borrowing costs. France's government debt reached a record high, with a deficit projected at 6.1% of GDP for 2024. The political turmoil has raised concerns over public finance security and the risk of a banking crisis. Teljes cikk (Euronews.com)