$110 Oil Prices Collide with Fiscal Stalemate! France's Debt Risk Premium Hits a 15-Year HighIs a New "Euro Debt Crisis" Looming?

Zhito Finance APP has learned that France is currently under significant pressure from both energy inflation and fiscal credit strains. As the global crude oil benchmarkBrent crudesurged past $110, and European natural gas futures rose about 4% to their highest level since December 2022, the spread between French and German 10-year government bond yields widened to as much as 159.4 basis points, a 15-year high; after the French 10-year yield rose above 5%, the euro also weakened in tandem. Second-quarter public debt reached 119% of GDP, and the government plans to reduce the deficit ratio from an estimated 5.4% this year to 5% next year.