Despite the recent surge in French borrowing costs that pushed the country’s 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.
“The short answer is no, this is not a debt crisis,” said Stephane Colliac, senior economist at BNP Paribas.
France’s effective interest rate is lower than the rising market yields, at slightly above 2 per cent, around…
Source: www.scmp.com
