Worse than Greece? Financial markets are singling out France for a 2010-style sovereign debt crisis
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This story is aggregated from The Straits Times (straitstimes.com). Full reporting rights and copyright belong to the primary publisher.
Once a safe haven, France faces bond market mayhem as borrowing costs surge to 15-year highs.
Once a safe haven, France faces bond market mayhem as borrowing costs surge to 15-year highs.
BRUSSELS – For a quarter of a century, global financial markets rated France’s economy a better bet than Europe’s other deeply indebted nations.
Yet that ranking has now been turned upside down. France is now asked to pay higher interest rates on its long-term borrowing requirements than either Italy or Greece, until recently regarded as Europe’s riskier economies.
Original Source
https://www.straitstimes.com/world/worse-than-greece-why-financial-markets-are-singling-out-france-for-a-2010-style-sovereign-debt
