France Faces a Fresh Budget Battle that Threatens to Topple Another Government as Debt Costs Spiral
8 Articles
8 Articles
Investors are becoming increasingly concerned about the state of affairs within the French government. The large EU country is allowing its national debt to rise unabated and is paying the price for this on the bond market with much higher interest rates than surrounding eurozone countries. The uncertain political course in the country, with presidential elections next year, could further fuel the unrest.
France's public debt reached €3.54 trillion, or 117.5% of GDP, at the end of the first quarter, up from 115.7% just three months earlier
Illustrative image Photo: PexelsFrench debt interest exceeds 4.5% and spread on Germany beats higher level since 2012
France is paying an increasingly high risk premium on its debt as investors brace for another tough budget battle that threatens to spark a new political crisis, CNBC notes.
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