US EditionFiscal Reversal: Italy Can Access Cheaper Loans than France
15 Articles
15 Articles
France's 5-year borrowing rate (PAO) is now the second highest in the euro area.
Éric Lombard sounds the alarm. At the economic meetings in Aix on Friday 5 July, the Minister of Economy relayed a disturbing news: "France is now borrowing at rates higher than Italy," reports Ouest-France.The reason: a public debt that is increasingly difficult to sustain. This year, the debt burden will reach €67 billion, more than the national defence budget. And this is just a start: "In three years, it will be €100 billion," warned Éric Lo…
After those of Spain and Greece, Italy also does better than France in terms of yields on government bonds, at least on shorter deadlines, of 5 and 2 years. A two-year Btp pays 2,04%, compared with 2.11% of the same French bond (2% a Spanish bonos), while the 5-year Btp makes 2.67%, compared with 2.69% of the French Oat. The ten-year yields remain higher: 3.46% Btp compared with 3.29% of French bonds. On the other hand, Greece and, especially Sp…
On the markets, French 5-year bonds now have a higher interest rate than their Italian counterparts. Investors therefore seem to turn more towards Italian debt, for this specific maturity. But is the trend heavier, while French debt is in the red? And how much does Belgium borrow?
Since Friday 4 July, "France borrows at higher rates than Italy", the Minister of Economy Eric Lombard has slipped in order to alert the French about the repayment of the state debt.
Overtaking the 5-year yields of the Btp Oats: now they're higher than in Paris
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