France's Next Budget Standoff Poses Macron Era's Biggest Fiscal Risk

1. 1France heads into a political cliff-edge moment as a budget standoff over a massive national debt unfolds
2. 210-year yields have topped 4% for the first time in roughly 20 years, and the spread over German bunds has widened to 86bp
3. 3With pre-election fiscal plans still unapproved, further widening of the deficit is expected, making Macron's final budget bill the biggest risk of his term

Source Bloomberg · View original ↗

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