The Market Relieved - Counts on French Compromise
The euro is strengthened slightly and risk premiums are dampened on French bond yields, while the Paris stock exchange turns upwards. The market is cautiously positive after the weekend's election in France. But many analysts warn of political deadlock and growing problems with already large budget deficits.
Business
Crisis Level on French Interest Rates Ahead of New Election
There is a crisis atmosphere on the French bond market - where the French state finances itself - ahead of Sunday's re-election to the parliament in France. The Paris Stock Exchange is also falling - despite rises on all other fronts in Europe - and now the entire stock market rise for the year has been erased.
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