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French bonds hit 5% yield: eurozone fears debt crisis ahead
The yield on 10-year French government bonds has exceeded 5%, reaching a level higher than during the 2008 global financial crisis. The cause is not merely a worldwide repricing of debt — France's difficult fiscal situation and political stalemate that blocks public finance repair play a decisive role. Investors are beginning to speculate whether the country could become a flashpoint for a new debt crisis in the eurozone, and in an extreme scenario raise questions about Frexit.
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