France's rising borrowing costs and fiscal deficits spark fears of a public debt crisis
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Surging French borrowing costs are triggering international investor concerns over a potential public debt crisis in Europe's second-largest economy, evoking memories of the sovereign debt crisis from 15 years ago. France has not run a balanced budget in over 30 years and has failed to keep its budget deficit within the EU-agreed limit since 2019 due to escalating pension, rearmament, and green transition costs. Growing anxieties over the country's fiscal and political impasse are also spreading market stress beyond its borders.
Continue in the app — vote & join in ➔Source: Politico Europe · via ahirlevel.hu