Is this for real right now?
You know how else the increase in sovereign borrowing costs might come about? When you downgrade a country's rating with a pretence there is tangible risk to French sovereign debt.
https://www.ft.com/content/010b5743-b943-482e-a947-e99a83da42c1
You know how else the increase in sovereign borrowing costs might come about? When you downgrade a country's rating with a pretence there is tangible risk to French sovereign debt.
https://www.ft.com/content/010b5743-b943-482e-a947-e99a83da42c1
Comments
The EU has a fully operational framework for such scenarios ever since the eurozone crisis (Reg 472/2013 + ESM), making sure that - like a good Lannister - Member States always pay their debts.