Eurozone Rules Out Rescue as France Debt Fears Spread - Seoul Economic Daily

Concerns are mounting that France's fiscal troubles could spill over into eurozone financial markets more broadly, but the 21 countries that use the euro have ruled out any direct rescue of the French government bond market. The Eurogroup, which brings together finance ministers from the eurozone, held its monthly meeting in Luxembourg on the 8th to discuss the recent surge in French bond yields and the country's fiscal strains, Reuters reported. Participants stressed the urgency of France passing its 2027 budget to stabilize markets. No eurozone institution, however, is prepared to step in now to lower France's borrowing costs, and ministers agreed that French politicians must resolve the uncertainty themselves, according to the report.