France Debt Climbs to 119% of GDP, Bond Spread Sounds 2012 Alarm
• France's finance ministry reported that public debt has climbed to 119.3% of GDP alongside a 5.4% deficit. • The OAT-Bund spread, which measures the difference in yield between French and German bonds, crossed 100 basis points for the first time since the 2012 eurozone debt crisis. • Prime Minister Lecornu must now pass a €54 billion savings plan through a parliament that previously rejected his budget.
easternherald.com
