Thomas Gillet
Thomas Gillet is Associate Director in Scope’s Sovereign and Public Sector ratings group, responsible for ratings and research on a number of sovereign borrowers. Before joining Scope, Thomas worked for Global Sovereign Advisory, a financial advisory firm based in Paris dedicated to sovereign and quasi-sovereign entities.
France: Higher-than-expected 2023 Deficit Tests Fiscal Targets
Rebuilding France’s (rated by Scope Ratings AA/Negative Outlook) fiscal buffers is more difficult because of the higher-than-expected budget deficit of 5.5% of GDP in 2023, exceeding government projections of 4.9%. This deviation reflects an excess defici...
6 months ago
France: Political Uncertainty Weighs on Public Finances and Funding Conditions
President Emmanuel Macron’s choice of Michel Barnier, a centre-right politician and the EU’s former Brexit negotiator, as France’s new prime minister leaves open the question of whether he can form a stable government with enough support in a deeply divid...
1 month ago
Türkiye: Tight Monetary Policy Drives Disinflation, Eases External Liquidity Pressures
The policy pivot initiated by the Central Bank of Türkiye (CBRT) 18 months ago should pay further dividends and help mitigate challenges for Türkiye’s economy.However, the authorities have little room for complacency. Türkiye’s annual inflation at 52% in...
2 weeks ago