Reported 8 months ago
France's Finance Ministry projects that the widening spreads in the country's debt following President Emmanuel Macron's decision to call snap legislative elections could result in the state incurring an extra €800 million ($859 million) in borrowing costs over a year. The calculation is based on the increased premium of France's borrowing over Germany's, ranging between 25 and 30 basis points since the election announcement. If this trend continues, the additional cost could escalate to €4 billion to €5 billion yearly after five years and up to €9 billion to €10 billion after a decade.
Source: YAHOO