Mmastodon WorldPolitics first seen 6 h ago, last 53 min ago, peak #2

French political deadlock sends debt costs soaring, euro slumps

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, pushing the euro to a 17-month low against other currencies. Investors are pricing in political risk ahead of France's upcoming elections, with Laura Cooper of Nuveen telling Reuters that markets fear none of the candidates will have the political will to tackle the country's budget deficit. The situation has raised borrowing costs across the eurozone, with France hit hardest as concerns grow over its debt sustainability.

Why now: French elections are raising fears that no candidate will address the country's ballooning debt, hitting bond and currency markets.

FranceeuroNuveenReuters

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• ‘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

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