The governor of the Bank of France, Emmanuel Moulin, stated during a press conference that there are no concerns about the financing of the state, despite rising interest rates. He called French government debt "very attractive" to investors, even as borrowing rates have reached their highest level since 2008. Moulin noted that similar high rates were recorded in the 1990s, when France borrowed around 10% of its GDP. He emphasized that the France Treasury Agency is not struggling to raise funds, with investors showing strong demand for government bonds, exceeding the available supply. This statement comes at a time when the 10-year government bond rate has surpassed 4.5%, the highest since 2008. This increase suggests a decline in investor confidence in France's financial stability. Higher interest rates are making the government’s debt more expensive, adding pressure to the state budget. This situation complicates efforts to restore public finances, especially given that economic growth is expected to be very modest this year, at just 0.4%, according to the French National Institute of Statistics and Economic Studies (INSEE). Minister of Economy Roland Lescure acknowledged "tensions on global interest rates," noting that over the past year, interest rates have risen significantly: 80 basis points in Germany, more than 90 basis points in France, and 100 basis points in the United States. A basis point is a unit of measure used in finance, equal to one-hundredth of a percent. Lescure admitted that the increase in global interest rates has had a noticeable impact on economic and financial prospects in France. Regarding the debt market, Lescure stated that 85% of the government’s planned bond issuance has been completed without issues, though at higher interest rates than previously expected. He emphasized that "the debt burden is too high" and stressed the need to reduce it in order to finance future investments. His comments highlight the ongoing challenge of balancing the need for funding with the rising cost of borrowing in an increasingly tight financial environment.