Is France heading for a Greek-style crisis?

France’s president Emmanuel Macron with Greece’s prime minister Kyriakos Mitsotakis (Getty images)

For the first time ever, France’s borrowing costs have risen above those of Greece. As of today, the bond markets have decided that French debt is a riskier bet than Greece, the country that 15 years ago almost crashed the entire euro-zone with its fiscal extravagance and irresponsibility. True, to some degree that reflects an improvement in Greece’s position, as well as the decline of France’s.

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Publish date : 2024-11-28 23:54:00

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