Investors more spooked by French election than Brexit
While ratings agencies see little chance of either country going bust, it now costs over a third more to insure against a Gallic default than a British one
30 January 2017 - 15:28
French elections are worrying credit investors more than Britain's exit from the European Union. While ratings agencies see little chance of either country going bust, it now costs over a third more to insure against a Gallic default than a British one. The scope to weaken its currency is what makes the United Kingdom a slightly better credit risk.
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