France Debt Crisis: Bond Markets Price In Default — SkimNews
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- Bond markets are punishing France for fiscal irresponsibility, with investors pricing in growing odds of default
- The ECB is unlikely to step in to support France as investors head for the exit
Why it matters: With bond markets pricing in default risk and the ECB unlikely to step in, France must navigate its fiscal problems without its traditional eurozone backstop. Bond markets are punishing France for fiscal irresponsibility while investors head for the exit.
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