France Borrowing Costs Hit 2002 Highs Amid Political Crisis
France's borrowing costs are poised to hit 5% for the first time since 2002, against a backdrop of a domestic political crisis with government sources admitting 'everyone is overwhelmed' and post-protest convictions stoking controversy.
What we know
The FT reports France's borrowing costs are set to breach 5% for the first time since 2002. This comes as France's political situation is chaotic — a government source told Mediapart "c'est la merde", with a minister adding 'everyone is overwhelmed.' Post-riot convictions in Nancy of non-criminal, non-extremist individuals sparked a firestorm, while Mélenchon publicly rebutted claims of guerrilla training camps on the Millevaches plateau.
Sources
“France's borrowing costs poised to hit 5% for first time since 2002”
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