AI Summary

France’s rising public debt has pushed the yield on its 10‑year government bonds above 5%, the highest level since 2002, raising borrowing costs. The increase comes amid widespread cost‑of‑living protests across the country. Professor Oliver Davis of University College Cork notes that the debt concerns are contributing to the market’s reaction. France is now awaiting Moody’s credit rating decision, with a downgrade widely expected. The outcome will likely influence future fiscal policy and investor sentiment.

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