Can the ECB prevent a French debt crisis? - The Business Times
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FRENCH 10-year government bond yields recently exceeded 5 per cent, while the gap over comparable German bond yields approached 174 basis points, the widest since 2011. Spreads also widened elsewhere in the euro area.
FRENCH 10-year government bond yields recently exceeded 5 per cent, while the gap over comparable German bond yields approached 174 basis points, the widest since 2011. Spreads also widened elsewhere in the euro area.
Moody’s decision on Oct 23 to retain France’s credit rating offered some relief, but its negative outlook on the country underscores continuing fiscal risks.
Can the European Central Bank (ECB) prevent France’s difficulties from becoming a wider European financial crisis?
Could Japan trigger the next global financial crisis?
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https://www.businesstimes.com.sg/opinion-features/can-ecb-prevent-french-debt-crisis
