In a speech delivered at the Haut Conseil des Finances Publiques conference, Governor François Villeroy de Galhau estimated that each 1% increase in interest rates eventually represents an additional annual cost of nearly 40 billion euros. He recommends that the debt be reduced to well below 100 % of GDP...
The public debt worries the Banque de France

François Villeroy de Galhau, Governor of the Banque de France