For the first time ever, French bond spreads are higher than those seen in Italy (both compared to Germany). This isn't just about "fiscal consolidation" worries and France's government budget, the real issue behind everything is economic differentials. Those need to be turned around and soon else France risks being the new, well, Italy. 

Eurodollar University's Money & Macro Analysis

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NYT French Government Collapses, Again, Deepening Paralysis
https://www.nytimes.com/2025/09/08/world/europe/france-vote-government-collapse.html

CNBC France’s Macron names loyalist Lecornu as new prime minister
https://www.cnbc.com/2025/09/09/france-macron-names-lecornu-new-prime-minister.html

CNBC France’s borrowing costs rise after Fitch downgrade — and there could be more bad news ahead
https://www.cnbc.com/2025/09/15/frances-borrowing-costs-rise-after-fitch-downgrade-.html

Bloomberg French Borrowing Costs Top Italy’s in Historic Market Shift
https://www.bloomberg.com/news/articles/2025-09-09/french-borrowing-costs-top-italy-s-in-historic-market-shift

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