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French borrowing costs top 5% for first time in 24 years

Original: France’s borrowing costs have climbed above 5% for the first time in 24 years as political concerns and the government’s

France's borrowing costs have climbed above 5% for the first time in 24 years, according to The Guardian. The rise reflects mounting political concerns in Paris and the government's failure to agree a much-delayed budget, which has spooked financial markets. Investors are demanding a higher premium to hold French debt as the country's fiscal and political uncertainty deepens, putting pressure on policymakers to pass a budget.

Why now: Political deadlock over France's budget has unsettled bond markets, pushing borrowing costs to a level not seen in over two decades.

FranceThe Guardian

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Evidence

• France’s borrowing costs have climbed above 5% for the first time in 24 years as political concerns and the government’s failure to agree a much-delayed budget spook the financial markets. Systeni – the operating system for modern companies. via The Guardian # Markets · systeni

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