France Faces Financial Spiral as Interest Costs Surge
France is on the verge of a dangerous financial spiral, with rising global interest rates exposing the country as one of Europe's weakest links. It now faces higher borrowing costs than Greece and Italy.
France is nearing a dangerous financial spiral. The global rise in interest rates has exposed the country, once seen as a relative haven, as one of Europe’s weaker links. France is now paying more to borrow than former crisis-hit countries such as Greece and Italy.