Investors are shunning French debt

A nation whose bonds were historically seen as a proxy for German bunds, the region’s safest asset, now finds itself recast as a poster child for fiscal incontinence. Its debt yields are now aligned with Spain — and increasingly close to those of Italy.

Hamstrung by a hung parliament in the wake of snap elections in June, 

French officials are warning Brussels that it will take five years just to bring deficits down to European Union limits.

Bloomberg 9 October 2024 

https://www.bloomberg.com/news/articles/2024-10-09/france-budget-macron-facing-dramatic-reversal-in-souring-economy


EU Excessive Deficit Procedure

https://englundmacro.blogspot.com/2024/09/france-europes-second-biggest-economy.html


Tillbaka till Wall Street och Stockholm 9 oktober 2024

https://englundmacro.blogspot.com/2024/10/wall-street-och-stockholm-9-oktober-2024.html










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