ParisFrance’s 10-year bond yield reached 4.96%, highest since 2002.
Higher borrowing costs leave the government less money for pensions, schools and health.
Investors doubt a fragmented National Assembly can pass a budget with 54 billion euros in savings, so they charge more.
The US, Japan and Italy owe more, but a reserve currency, domestic holders and a smaller deficit shield them.
Prime Minister Sébastien Lecornu may invoke a constitutional clause to pass the budget without a parliamentary vote.
How each outlet framed it
drawn from 100+ reports worldwide
- Al Jazeera Online
- frames the bond surge as a debt-risk story, setting France's near-120% debt against larger US and Japanese sums
- AP NEWS
- quotes ING's Brzeski saying 'France is not Greece' and pins public debt at 119% of GDP to Macron's decade-long tenure
Sources: Al Jazeera Online, AP NEWS