French Prime Minister warns that the country is deeply entrenched in a flood of debt and faces a critical moment.

French Prime Minister Franois Beru emphasized the need to address France's financial problems ahead of a confidence vote scheduled for later on Monday. This confidence vote could potentially lead to the collapse of the Beru government. Beru stated in the National Assembly, "All issues, whether positive or negative, point to the same core: expenditure and debt issues." He added that France is currently "deep in a flood of debt," and pointed out that the country is facing a "critical moment".