Paris faces financial strain as yields near 4.94%
The yield on the 10-year French government bonds rose to 4.94%, surpassing the yield on German bonds. This reflects growing doubts about the government's ability to control spending and the increasing public debt. This margin is the highest since January 2012, amid heightened market concerns over credit risks and the possibility of France’s credit rating being downgraded. These concerns are occurring alongside widespread protests demanding increased funding for schools and an escalation in the fiscal deficit, which exceeds the European Union's allowed limit, with public debt remaining around 120% of GDP.
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