France doubles down on reform plans after Fitch cuts credit rating

FrenchFrench economy minister Bruno Le Maire vowed that the government will push ahead with structural reforms after Fitch Ratings pointed to social unrest over the planned pension reforms in lowering its assessment of France's credit rating, reports Politico.

"I believe that the facts invalidate the assessment by the Fitch agency," Le Maire told AFP on Saturday.

Citing the government's reform plans for pension and unemployment benefits, Le Maire added that "we are in a position to pass structural reforms for the country ... And we will continue to pass structural reforms for the country."

Le Maire said the government of French president Emmanuel Macron is planning a "whole series of reforms" that will speed up "the transformation of France's economic model."

Read more of this report from Politico.