As hundreds of thousands of young French people participated in nationwide protests, violence was frequent, and the bond market plummeted, far-left MP Louis Boyard proposed a solution to the government's plight last week. “You don't understand what young people want!” The 26-year-old shouted at Education Minister Edouard Geffray during a heated debate in the National Assembly, “To solve all these problems, you have to pay real money.” The problem is that France simply cannot afford the 10 billion euros that the student protesters are asking for. In contrast, in recent years, France has spent heavily in response to multiple crises, and investors have gradually lost confidence that the EU's second-largest economy can control its rapidly growing and costly debt burden. The market sell-off in recent weeks has pushed borrowing costs to a level not seen in nearly 25 years. On Friday, the yield on French 10-year treasury bonds reached a record high compared to Italian treasury bonds.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.