EZB8RISK / Market Briefing

France's fiscal picture keeps weighing on sentiment, with public debt now at its highest level since 1946 and energy-driven inflation adding pressure to the bond market. The govern

France's fiscal picture keeps weighing on sentiment, with public debt now at its highest level since 1946 and energy-driven inflation adding pressure to the bond market. The government is preparing to present its next budget amid record debt levels, and political figures are openly voicing concern about the debt threat, keeping the deficit standoff in focus. Inflation is also shaping the political calendar, forcing candidates ahead of the 2027 presidential race to adjust their campaign plans.

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