IMF Managing Director Kristalina Georgieva issued a stark warning to the French government in a CNBC interview on Wednesday, urging it to bring its finances under control. France is facing political instability and rising debt, with its 10-year government bond yields (OATs) having risen by more than 100 basis points since the start of the year. Georgieva noted that France's deficit reached 5.1% of GDP last year, exceeding the EU's recommended 3% reference value, and stressed the need to bring it under 5%.