New French PM tells parliament the country’s ‘colossal’ debt is ‘sword of Damocles’
In his inaugural address to parliament, the new French Prime Minister Michel Barnier warned Tuesday that “colossal” and spiraling debts are a “sword of Damocles” hanging over the finances of the European Union’s second-largest economy and announced belt-tightening and more taxes to reverse the trend. FRANCE 24’s Clovis Casali reports from the National Assembly in Paris.