The French Crisis, Far From the Spotlight
6 Articles
6 Articles
INTELLINEWS
Courrier internationalThis week, in our newsletter dedicated to what the foreign press writes better and worse about the Hexagon: a Cocotte-minute in the countryside.
It's the Berezina. The whole budget was built with totally false growth assumptions (and it's a surprise that for Bercy, here we knew it). Besides, what Bercy doesn't know yet (in fact they know it but hide the information), is that VAT and even more the IS (tax on the [...]
The soaring French bond yields, political instability and fiscal deadlocks bring back memories of the Greek crisis of 2009.
Greek Bonds Outperform French Debt, but Paris Crisis Threatens Wider Market Turmoil
According to Greece's Public Debt Management Agency, the country's benchmark 10-year bond yields 4.286%, compared with 4.924% for France and 3.327% for Germany. Greek government bonds are trading at significantly lower yields than their French counterparts despite Greece's weaker credit rating, highlighting growing investor concerns over political instability and fiscal risks in the eurozone's second-largest economy. But the widening divergence …
GDP is falling, the economy is at a standstill, and what are our Members doing? They vote for 48 billion euros of additional expenditure and new taxes on businesses. Welcome to France, the only country in the world...
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