French bond yields surpass Greece’s for first time as budget worries swirl

France’s borrowing costs have surpassed those of Greece as investors worry about Michel Barnier’s government’s ability to pass a budget with austerity measures. French 10-year bond yields briefly exceeded Greece’s before stabilizing, reflecting concerns over fiscal stability and political turmoil. Barnier’s minority government faces challenges in finalizing a budget with significant tax hikes and spending cuts, with opposition parties threatening a no-confidence vote if demands are not met.

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