UBS bets big on French bonds while yields hit 4.45% - here's why
Key Points
- France's financial situation is precarious with rising borro...
France just hit the financial equivalent of ordering a triple espresso at 11 PM - technically possible, but everyone knows it's going to end badly. With borrowing costs climbing to some of the eurozone's highest levels and political drama worthy of a Netflix series, the country is discovering that running a government is slightly more complicated than running a baguette shop.
When Your Prime Minister Becomes the Bad Guy
Prime Minister François Bayrou stepped up with a proposal to slash 44 billion euros in spending, which went over about as well as suggesting French citizens switch to ins...
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