All the scenarios for the day after the parliamentary elections in France are on the meeting table in the iconic ECB tower in Frankfurt. A common theme of the analyzes is that the result of the French ballot box will be a decisive parameter for how the French and wider European bond market will behave from Monday, although there is optimism that the worst scenarios will not be verified. That is, the next day to find France in a state of non-government, a possibility that would send strong signals of uncertainty to the markets about the course of the French economy and the ability to take decisions to reduce the budget deficit, which this year is expected to fluctuate between 5-5, % of GDP and debt that has exceeded 100% of GDP. That is why Europe is waiting with bated breath for the result of the ballot box, since a strong signal of uncertainty from them could unsettle the markets, triggering large waves of turmoil in European bonds and […]
Source: News Beast
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