France’s Debt Crisis Shakes the Eurozone: Bond Yields Surge as Banks and Greek Stocks Tumble
France’s political and fiscal turmoil is sending shockwaves through European financial markets as sovereign borrowing costs rise and oil prices approach $105 a barrel. French 10-year bond yields have reached 4.85%, compared with 3.48% in Germany and 4.46% in Greece. In Athens, the benchmark stock index fell 2.06%, banking shares lost 3.61%, and trading turnover surged to €622 million.