Far-right candidate Marine Le Pen, centre, has vowed steep spending cuts if elected next spring Paris – French government bonds have become the bane of investors on fears that officials are unwilling or unable to rein in spending that far outstrips its revenue. A volatile political context is exacerbating those worries ahead of next spring’s presidential election, when the eurosceptic far right is widely seen as having a solid shot at victory. Before then the current government appears hamstrung, with no parliamentary majority to push through major spending cuts since President Emmanuel Macron’s ill-fated move to dissolve parliament in 2024.
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