French budget deadlock: Rising pressure in both bond markets and in the streets

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智通财经2026/10/02 09:37

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The French minority government has submitted the 2027 budget, which, against the backdrop of severe division in parliament, may trigger a weeks-long tug-of-war over spending cuts.
Opposition parties are strengthening their positions ahead of next year's presidential election, as political maneuvering intertwines with fiscal issues.
The yield on France's 10-year government bonds is approaching 5%, the highest level since 2002, reflecting a significant rise in market concerns over fiscal prospects.
Strikes by students and public sector workers over budget cut plans are intensifying, with these measures aimed at easing public financial pressures.
France's debt-to-GDP ratio has reached a historic high of nearly 120%, with a record €340 billion worth of bonds planned for issuance next year.
As the election approaches, market pressure continues to mount. The Governor of the Bank of France has stated that France cannot rely on the European Central Bank to solve its debt issues.
However, the European Central Bank is still closely monitoring developments, with further attention focused on whether the budget will pass and if bond market pressures will spill over into other eurozone markets.

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French budget deadlock: Rising pressure in both bond markets and in the streets

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