{
Jason Da Silva

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france borrowing costs match greece amid political turmoil and budget crisis

France's political turmoil has driven its borrowing costs to match those of Greece for the first time, with 10-year government bond yields nearly equal at 3.0010% and 3.030%, respectively. Prime Minister Michel Barnier faces a potential no-confidence vote from the left-wing New Popular Front alliance, which threatens to destabilize his minority government as it struggles to pass a budget aimed at reducing a significant deficit. Despite reassurances from officials about France's economic strength compared to Greece, concerns persist over the country's fiscal health, with a projected budget deficit of 6.1% in 2024 and public debt exceeding 110% of GDP.
CNBC
Euro Rabobank FRA GRC Jason Da Silva Michel Barnier Emmanuel Macron Antoine Armand Marine Le Pen Show more
Finance & Economy, News Article
13:29 28.11.2024
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