France in trouble: lessons for Spain
The growth of the economy is the main factor that explains the fiscal divergence between both countries.
France has shifted from being a highly valued country for its productivity and quality of life to facing a dual budgetary and social crisis. The French economy is not as previously thought and not on the brink of collapse like Greece, but tensions in French debt markets have had a limited impact on the eurozone. The risk premium on French debt has risen by 81 basis points in the last month, while the Spanish risk premium has increased by 27 points.
The sustainability of large tech companies' liabilities has driven demand for public bonds, easing pressure on Europe as a whole.
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.
