France's sovereign debt crisis explained: How dangerous could it be? - Forex Factory
France's sovereign debt crisis explained: How dangerous could it be? - Forex Factory
Source: Forex Factory
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DW NOTE
France's debt-to-GDP ratio cleared 110% in 2024 and is forecast to reach 118% by 2029 — eighth-worst in the OECD. The 10-year OAT now yields within 80 basis points of Spain and 300 of Italy, a compression that would have been unthinkable a decade ago when France anchored the periphery. The real danger isn't default; it's that France joins the southern tier as a structurally impaired borrower the ECB must constantly backstop.