Lates News

An index measuring France's borrowing costs exceeded Italy's comparable yield. Previously, France's short-term government bond yield had surpassed Italy's yield for the same maturity. For experienced market participants, this change can be described as astonishing - for years, lower-rated Italy has been a typical representative of fiscal profligacy in the region. Now, what worries investors is France's large fiscal deficit. Sam Hill, market insights director at Lloyd's Bank, pointed out: "Market expectations for a quick resolution of France's political and fiscal difficulties may continue to be limited."