The claim
“France has reached its borrowing limit.”
The claim was attributed to Ray Dalio in a report on the Business Times website about China and Japan possibly pulling back from US Treasuries. The report is undated, and the claim is recorded as having been made on 6 October 2026.
Our verdict
Unverified
We could not confirm or refute the claim that France has reached its borrowing limit. The only source we found simply reports that Ray Dalio said it, and gives no independent figures on French debt to back it up.
Know something that settles it? Send us evidenceWhat we found
Our verdict is unverifiable. The only source we found is a report on the Business Times website, which says that the investor Ray Dalio stated that France has reached its borrowing limit. That report tells us what he said, but it does not give any French debt figures, budget data or independent analysis that would let us check whether the statement is true. The report also carries no publication date, so we cannot confirm when the remark was made or whether it still reflects the situation. With only this one source, and no official French government debt data or independent financial analysis, we could not find enough public evidence to confirm or refute the claim. If you have evidence we should look at, please send it to us.
The evidence
- Background
The Business Times reports that Ray Dalio said France has reached its borrowing limit. The report gives his statement but no French debt figures or other data to support it.
www.businesstimes.com.sg· China, Japan may pull back from US debt, billionaire investor Ray Dalio warns
What we could not confirm
- Whether France has in fact reached its borrowing limit, as no official French debt or budget figures were found.
- When exactly the statement was made, because the source report has no publication date.
- Whether other reputable sources have reported or checked the same statement.
How we checked
We looked for the original report of the statement and for official French government debt data or independent financial analysis that could confirm or contradict it. We found only the one news report, which attributes the statement to Ray Dalio but provides no supporting figures. We reviewed 1 relevant source.
Help us check this claim
We could not find enough public evidence to confirm or refute this claim. If you know of an official record, dataset, transcript or report that settles it, send us the link. We review every submission and update this fact check when the evidence changes the picture.
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