France Is Veering Toward a Potential Debt Crisis Amid Protests and Turmoil - The New York Times
France Is Veering Toward a Potential Debt Crisis Amid Protests and Turmoil - The New York Times
Source: The New York Times
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DW NOTE
France's debt-to-GDP ratio hit 112% this year, and bond yields are rising while the government cannot pass a budget. When protesters are in the streets and you cannot borrow at a tolerable rate, the arithmetic stops being theoretical. The ECB has no protocol for a core member pricing like a peripheral one.