French central bank head warns country at risk of being ‘strangled by interest rates’
Emmanuel Moulin says France can still reassure bond investors despite ‘serious and worrying’ market moves in recent days
Source: Financial Times
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DW NOTE
France spent €50 billion on interest payments in 2025. The bond market is now pricing default risk into a G7 sovereign that hasn't defaulted since 1797. When your central bank head uses the word "strangled," the reassurance has already failed.