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French borrowing costs overtake US amid budget turmoil

France’s bond market hit by another bout of selling as country recovers from weekend protests

French borrowing costs continued to rise on Thursday, as investors fret that France’s government is struggling to pass a federal budget after public protests gripped the country.

France’s bond market was hit with another bout of selling, with the difference between French and German 10-year borrowing costs – a metric for the risk premium attached to French debt – rising to its highest level in almost 15 years.

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© Photograph: Telmo Pinto/NurPhoto/Shutterstock

© Photograph: Telmo Pinto/NurPhoto/Shutterstock

© Photograph: Telmo Pinto/NurPhoto/Shutterstock

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This Shouldn’t Be Normal

Endless illegal immigration, unaffordable energy, draconian speech policing – we're being conditioned to accept outrageous things as normal, says Nick Rendell. Now add to that economic crashes.

The post This Shouldn’t Be Normal appeared first on The Daily Sceptic.

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