Mmastodon WorldPolitics first seen 5 h ago, last 36 min ago, peak #2

French political gridlock sends debt costs soaring, euro slides

Original: ‘Lack of political will’ sends French debt costs soaring The euro sank to a 17-month low after government borrowing cost

French government borrowing costs have jumped sharply, dragging the euro to a 17-month low against the dollar. Investors are rattled by what analysts call a lack of political will in Paris ahead of upcoming elections. Laura Cooper of Nuveen told Reuters that markets are pricing in concern that none of the candidates in France's upcoming vote can deliver the fiscal discipline needed to rein in the country's debt burden.

Why now: Markets are reacting to French political uncertainty and its impact on eurozone borrowing costs.

Francethe euroNuveenLaura CooperReuters

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Rank over time, top of the chart is #1. 11 snapshots from 5 h ago to 36 min ago.

Evidence

• ‘Lack of political will’ sends French debt costs soaring The euro sank to a 17-month low after government borrowing costs jumped, especially in France. Laura Cooper of Nuveen told Reuters that markets are reflecting worries that none of the candidates in France's upcoming… · fllics · 4

API: https://socialmediatrends-api.osmike.com/v1/trends/1112433