Verschuldung: Französische Regierung: Druck der Finanzmärkte „hilft uns vielleicht etwas“
Frankreichs Wirtschaftsminister Roland Lescure hofft, dass Investoren und Märkte die eigene Politik zu Disziplin und Kooperation zwingen. Doch dem hochverschuldeten EU-Staat droht eine Abwärtsspirale.
Paris – As the French presidential election looms less than seven months away, the country finds itself in a precarious financial position. Government borrowing costs are on the rise, debt servicing expenses are increasing, and doubts are growing among markets about whether France can still manage its public finances. Finance Minister Roland Lescure believes the budgetary austerity plan for 2027, currently in its final stages in Parliament, will be a true test of strength, both for his government and the financial leeway it has to act.
"This budget is the price of our freedom," he told members of the Ajef economic journalists' association, including Le Monde, on Tuesday.
Investors, however, are already looking ahead to the election and the frontrunner, Marine Le Pen. The minister's primary task is now to reassure. "France's creditworthiness remains solid," he reaffirmed on Tuesday. France is still able to find buyers for its government bonds, and there is a path out of the debt spiral. On financial markets, however, the message is less convincing.
Global geopolitical tensions are driving up bond yields worldwide. For France, the yield on 10-year government bonds has slightly decreased from the previous week but remains close to the five percent mark, essentially at the high levels seen during the 2008 financial crisis.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
