Last autumn, as concerns about Italy and Spain exploded to the fore, French yields spiked along with those of periphery Europe, turning the spotlight onto the country’s chronic fiscal deficits and declining competitiveness. However, earlier this month, France sold six-month treasury bills at negative yield for the first time in its history. BMI’s France analyst, Thaddeus Best, joins the podcast to discuss whether the country is a reliable part of the eurozone ‘core’.
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