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UBS CEO Sergio Ermotti Warns on France's Debt Crisis

Summary by Quartz
Sergio Ermotti compared France's fiscal troubles to the 2011 eurozone sovereign debt crisis, warning that small fixes won't be enough

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UBS CEO Sergio Ermotti said drastic measures are needed to address the French debt crisis because gradual steps will no longer be enough. French government bond yields have risen sharply in recent weeks, with the 10-year benchmark yield exceeding 4.7 percent this week, making France more expensive to finance itself than Greece or Italy, CNBC reported.

·Budapest, Hungary
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UBS CEO tells CNBC that France needs tough measures against debt crisis; French securities pay more than Greece and Italy

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CNBC broke the news in Englewood Cliffs, United States on Tuesday, October 6, 2026.
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