France Faces Calls to Sell Part of $57 Billion Stock Portfolio
- Ex-budget minister, research firm urge sales to boost finances
- State’s holdings include Renault, Thales, lottery operator FDJ
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France, which urgently needs to bring down its growing debt mountain, is facing calls to tap into the country’s €52 billion ($57 billion) stock portfolio rather than increase taxes.
Gerald Darmanin, a former budget minister under President Emmanuel Macron, raised the idea in an interview this month, and investment research firm AlphaValue also advocated for the move in a recent blog post.