France is coming under growing pressure from financial markets to put its public finances on a more sustainable path, with little room for policy mistakes ahead of next year's presidential election, Citadel's head of Economic Research for Fixed Income & Macro Angel Ubide told Reuters.
French borrowing costs have risen sharply during the global bond selloff, while the euro has weakened as investors increasingly worry that the country's fragile fiscal position could create wider risks for the eurozone.