Citadel Exec: France Faces Fiscal Peril Amid Bond Selloff
France has no room for fiscal errors and needs to curb spending, according to Angel Ubide, a senior executive at Citadel. The pressure from financial markets stemming from the bond selloff is expected to focus minds in Paris on fiscal discipline ahead of next year's presidential election.
France has no room for error in repairing its public finances, and pressure from financial markets should help sharpen attention in Paris on curbing spending before next year's presidential election, senior Citadel executive Angel Ubide told Reuters.