France’s student protests highlight a debt crisis that could spill over to the rest of Europe
French school protests grow as workers join students Last week, the French government proposed deep spending cuts and tax hikes aimed at narrowing the budget deficit, but bond buyers are concerned that fiscal measures may be watered down by lawmakers ahead of presidential elections next year, said Andrew Kenningham, chief European economist at consultancy Capital Economics.
The French bond rout has sparked fears of spillovers to other high-yield European debt markets, with some analysts drawing parallels with the eurozone debt crisis of the early 2010s.
Worries about a potential debt crisis in France boiled over last week, leading to a selloff in French bonds and a sharp rise in yields.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
