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France is facing a growing crisis of confidence in its public finances. Its borrowing costs have reached their highest level in more than two decades. Investors…
France is facing a growing crisis of confidence in its public finances.
Its borrowing costs have reached their highest level in more than two decades.
Investors now demand higher yields on French government bonds than on Italian or Greek ones.
With public debt nearing 120 percent of gross domestic product (GDP) and a deficit above 5 percent, the government is under pressure to rein in spending.
But protesters are demanding more investment in education.
With parliament deeply divided and a presidential election approaching, agreeing on a solution is proving difficult.
The concern now is whether France's troubles could spread across the Eurozone.
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#france #crisis #economy #finance #gdp #aljazeera
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4 Comments
@@PfuetzenspringerImported3wk ago
They are thrown out of Africa. The looting ends.
@@kameronospen7206Imported3wk ago
The problem you have is that essentially French society as a whole still believes in basic principles. One of these is that markets are there to serve to ppl - not the other way round. It’s not that the French population are so resistant in the face of dictates from neoliberal entities like the World Bank, the IMF, The European Central Bank and the bond markets it’s that the population in other major developed countries are comparatively supine and will suck up virtually anything that’s thrown at them. Here In the UK , that applies in spades.
@@EdrisaAyanImported3wk ago
They have no more African countries to steal from so they are getting poorer
@@JordanCasasG9Imported3wk ago
Rommel Masdo is the presenter with crimes against humanity in 2024 Washington International airport aircraft collision with a military aircraft killing 67 passengers and crew.
France is facing a growing crisis of confidence in its public finances.
Its borrowing costs have reached their highest level in more than two decades.
Investors now demand higher yields on French government bonds than on Italian or Greek ones.
With public debt nearing 120 percent of gross domestic product (GDP) and a deficit above 5 percent, the government is under pressure to rein in spending.
But protesters are demanding more investment in education.
With parliament deeply divided and a presidential election approaching, agreeing on a solution is proving difficult.
The concern now is whether France's troubles could spread across the Eurozone.
Subscribe to our channel: http://bit.ly/AJSubscribe
Follow us on X : https://twitter.com/AJEnglish
Find us on Facebook: https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
Download AJE Mobile App: https://aje.news/AJEMobile
#france #crisis #economy #finance #gdp #aljazeera
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Could France trigger another Eurozone debt crisis? | Counting the Cost
Mariana Dias • 1.6K views
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