French Yields Close In on Italy With Safe Market Image in Ruins

French Yields Close In on Italy With Safe Market Image in Ruins

First Ireland, then Portugal and Spain, and now Greece. One after another, countries at the heart of Europe’s debt crisis more than a decade ago are outshining France, as its standing as a safe-and-stable bond market disintegrates.

As the political crisis in Paris drags on, the question on everyone’s mind — unthinkable a year ago — is whether France will soon have higher borrowing costs than Italy, the region’s traditional poster-child of fiscal profligacy.

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Publish date : 2024-11-29 01:04:00

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