France is next in euro crisis

first_img Share KCS-content Sunday 5 December 2010 11:49 pm whatsapp Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Show Comments ▼ THE Eurozone’s second biggest economy could be next on the hit list for bond markets, according to London Stock Exchange chief executive Xavier Rolet. “It won’t be long before bond investors turn to France after they have finished with Portugal and Spain,” he said over the weekend. “The country’s deficit is much, much higher than anyone realises. No one, not even France, can hide any more.”Rolet’s comments were supported by bond investors, who said that markets could lose confidence in the euro entirely if it becomes clear that France cannot abide by Eurozone fiscal rules.Matrix Group’s Bill Blain said: “To get into the euro, France put all its borrowing state agencies off-balance sheet. When the crisis reopens, it’s certainly possible that it will become a focus.”The warning comes as the IMF puts pressure on the Eurozone to increase the size of its €440bn bailout facility. A report by Dominique Strauss-Kahn, head of the IMF, says that there is a “strong case for increasing the resources available for this safety net”.However, any increase is likely to face strong opposition from Germany, where taxpayers are already incensed at paying for the Greek and Irish bailouts. The Irish parliament will vote tomorrow on the emergency budget that it must pass in order to qualify for the emergency funding. center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald France is next in euro crisis whatsapp Tags: NULLlast_img

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