France's Debt Woes in Focus as ECB Meets
7 Articles
7 Articles
The budgetary and political turmoil in France invites at the heart of the next meeting of the European Central Bank on Thursday The turbulence in France, a country that has become the weakest link in the
France's debt woes in focus as ECB meets
The ECB is set to keep interest rates on hold, having already hiked them twice this year, walking a fine line between tamping down inflation fuelled by the Iran war energy shock and supporting the eurozone economy. But the focus of Thursday's meeting is likely to shift quickly to France and "how the ECB will respond to the ongoing fiscal and political crisis," said Andrew Kenningham, chief Europe economist at Capital Economics. French bond yiel…
France, energy and bonds threaten European growth.
Christine Lagarde arrives at the meeting of the European Central Bank (ECB) next Thursday with a problem on the table that will not be solved by moving interest rates and has a difficult solution: France. Markets has skyrocketed the cost of their debt to 10 years above 5% and has triggered the differential with the German bond above 170 basis points, a level that begins to do real damage to the French Treasury’s ability to finance itself. Lagard…
Rising borrowing costs are the backdrop as several of the world's major economies hold interest rate meetings next week. A faltering France could put pressure on the European Central Bank.
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