Finance Minister Cautions on Debt Crisis Risk Triggered by French Far-Right Victory

Wednesday, 12 June 2024, 11:05
The victory of the French far-right in recent elections has prompted a stark warning from the finance minister regarding a potential debt crisis reminiscent of the situation faced by Liz Truss. A sell-off in French government debt has resulted in borrowing costs exceeding those of Portugal, escalating concerns in the financial domain.
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Finance Minister Cautions on Debt Crisis Risk Triggered by French Far-Right Victory

French Far-Right Victory: Finance Minister's Caution

The recent triumph of the French far-right has set off alarm bells in the financial sector, with the finance minister highlighting the looming specter of a debt crisis akin to that faced by Liz Truss. A sell-off in French government debt has led to an unsettling scenario where borrowing costs surpass those of Portugal, raising fears and uncertainties.

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