France’s borrowing costs are surging as investors around the world wake up to the risk of a full-blown public debt crisis in Europe’s second-largest economy. Stress in financial markets has now started to spread beyond its borders, raising fears that political dysfunction in France could cause a broader, regional problem. Memories of the sovereign debt crisis that threatened the single currency’s survival 15 years ago are starting to stir. But is it really going to get that bad again? Read on to find out.
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