'Reminiscent of sovereign debt crisis': France in eye of the storm as euro drops to 17-month low and bond markets turn on Paris - This is Money
'Reminiscent of sovereign debt crisis': France in eye of the storm as euro drops to 17-month low and bond markets turn on Paris - This is Money
Source: This is Money
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DW NOTE
France is being repriced as peripheral debt. The bond market now treats Paris the way it treated Athens in 2011 — not as a hypothetical risk, but as an arithmetic problem. When your deficit runs above 6% of GDP and the ECB has no appetite to monetise it indefinitely, the spread to Bunds stops being a policy choice and becomes a solvency indicator.