France faces its reckoning with debt in an election year
The French economy is financed more expensively than any other large eurozone economy and its deficit has started to soar.
France's fiscal situation is deteriorating and is likely to worsen in the coming months. The country is financing itself at higher rates than any other major economy in the euro zone. Interest payments have long exceeded France's education and defense budgets, and with 10-year bond yields near 4%, the debt has started to spiral out of control.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
