Why has France’s austerity budget caused a political storm?

Why has France’s austerity budget caused a political storm?

Economics, France, Bonds, Emmanuel Macron, Eurozone, Austerity, Michel Barnier, Business, Europe, World news Business | The Guardian

​Country is at risk of fresh turmoil with its government on the brink amid soaring sovereign borrowing costsFrance is at risk of being plunged into fresh political turmoil as its minority government teeters on the brink of collapse amid opposition anger over a planned austerity budget.Reflecting growing unease in financial markets, French sovereign borrowing costs have risen sharply, reaching the highest premium over German bonds since the height of the eurozone debt crisis in 2012. Continue reading… 

Country is at risk of fresh turmoil with its government on the brink amid soaring sovereign borrowing costs

France is at risk of being plunged into fresh political turmoil as its minority government teeters on the brink of collapse amid opposition anger over a planned austerity budget.

Reflecting growing unease in financial markets, French sovereign borrowing costs have risen sharply, reaching the highest premium over German bonds since the height of the eurozone debt crisis in 2012.

Continue reading… 

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