France Faces a Debt Shock as Riots Send Borrowing Costs Soaring

France’s borrowing costs are now higher than Italy’s. Weekend riots pushed the French 10-year yield to about 4.85% on Monday, the sharpest rise in the G7. Italy, long seen as Europe’s riskier borrower, pays about 4.52%. For French households, that gap is already reaching mortgages, savings, and jobs. Why France’s Costs are Skyrocketing Protests over school conditions and living costs turned violent this weekend. Authorities arrested close to 2,400 people, the Guardian reported. Investors track the gap between French and German 10-year yields as a gauge of French risk. It now sits near 145 basis points, or 1.45 percentage points. In early September, it stood around 85. Meanwhile, the deficit is expected to reach 5.4% of gross domestic product (GDP) this year. The EU limit is 3%.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to BeInCrypto.