France's debt servicing costs have suddenly risen by 25%, to €65bn per year. Current French debt stands at 117.6% of GDP, compared to an 88.9% average for the Eurozone. This has led to France's 10-year yield rising to 4.45% compared to only 3.22% in February.
France's finance minister has downgraded the growth forecast and next year's presidential could cause further instability.
Posted by Desperate_Wear_1866
2 Comments
Lowering the retirement age to 50 should solve this
Thankfully all France has to do now is elect Melenchon, who will simply cancel all of France’s debt with no downstream effects.