Naira Holds at N1,497/€ as French Debt Crisis Drags Euro Down
13 Articles
13 Articles
The rate at which the country borrows over ten years on Wednesday exceeded the symbolic threshold of 5%, which had not happened since 2002 and is the highest in the euro area, especially in Italy and Greece.
Relentless French bond yields, borrowing costs show economic ...
The rise in interest rates on French debt has an impact on public finances, but also on the economy as a whole, affecting in particular the credit conditions of households and households.
The rise in interest rates on French debt has an impact on public finances, but also on the economy as a whole, affecting in particular the credit conditions of households and businesses.
"We're going to start seeing the effects on private sector interest rates (...) within 3 to 6 months," says Maxime Darmet, economist at Allianz Trade.
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