Despite rising yields and political gridlock, France not facing a debt crisis: analysts
Despite the recent surge in French borrowing costs that pushed the countryโs 10-year bond yield spread with Germany to a level unseen since the euro zone crisis, analysts are urging calm, saying France is not facing a debt crisis but cautioning that future uncertainties remain. โThe short answer is no, this is not a debt crisis,โ said Stephane Colliac, senior economist at BNP Paribas. Franceโs effective interest rate is lower than the rising market yields, at slightly above 2 per cent, around...