The expert spoke about the consequences of lowering France's credit rating.

The decrease in the credit ratings of the locomotives of the EU economy is the beginning of the economic decline of the eurozone and its subsequent economic and political decomposition. Alexander Arsky, Candidate of Economics, Associate Professor of the Department of Logistics at the Financial University under the Government of the Russian Federation, told Izvestia about this.

According to him, loans for France will become more expensive, and with an increase in the loan rate, there will be a need to reduce social costs, which may cause new protests by both the French and migrants, exacerbating the already quite criminal situation in France.

"There are no signs of an increase in the rating now, as its current decline does not reflect all the drama, this is just the beginning," says Alexander Arsky.

In the long term, the economy of the country can be saved, according to the economist, by international investments with the creation of jobs in France itself and new sales markets for their products. In the medium term, Alexander Arsky sees a way out of the situation only in the resignation of the current French President Emmanuel Macron.

Read more about the failure of the economic policy of the Elysee Palace in the Izvestia article