comes under intense pressure. Is the french economy going down the drain as the state fails to reform itself with the more than needed drastic tax reductions and twice as much drastic cuts of public spending and welfare freebies? No rosy picture ahead...?
Sarkozy Under Pressure as France Feels Irish Heat: Euro Credit
The extra yield investors demand to hold 10-year French government bonds instead of German securities of similar maturity reached 50 basis points last week, the most since June. France’s debt costs more to insure against default than in Chile and Malaysia, both of which have lower credit ratings.
“We think France might underperform the others and that’s generally where the market stands. The fundamentals in France look a little bit weaker.”
President Sarkosy to speak on tv later today, will he be straightforward?
Sarkozy Under Pressure as France Feels Irish Heat: Euro Credit
The extra yield investors demand to hold 10-year French government bonds instead of German securities of similar maturity reached 50 basis points last week, the most since June. France’s debt costs more to insure against default than in Chile and Malaysia, both of which have lower credit ratings.
“We think France might underperform the others and that’s generally where the market stands. The fundamentals in France look a little bit weaker.”
President Sarkosy to speak on tv later today, will he be straightforward?
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