French PM Lecornu Warns Interest Rate Hikes Will Add €10B to Debt Costs
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On Monday 14 September, the ten-year rate of the Treasury's Similar Obligation (OAT), the 10-year borrowing rate of France, crossed the 4.5-year mark... Read more Suffocation, bankruptcy or shock: what scenario for the French economy ? appeared first on current values.
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Cryptocurrency News | Cryptocurrency Prices | Market CapFrench PM Lecornu warns interest rate hikes will add €10B to debt costs
French PM Lecornu warns rising interest rates will add €10B to debt costs as 10-year yields hit 4.5%, forcing a spending freeze ahead of the 2027
With the yield of the 10-year OAT at 4.53% and the growth firm at 0.5%, France triggers the snowball effect: interest on the debt exceeds 100 billion and imposes an unprecedented corrective maneuver. The article L'incubo di Parigi: on the French debt triggers the effect "snowball." With the OAT at 4.5% the account becomes unsustainable comes from Economic Scenarios.
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