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France is having its Liz Truss moment as the bond market forces a policy rethink. Why it's a good thing.

France's bond market recently sent a strong message to policymakers. The spread between French and German 10-year government bonds surged above 150 basis points last week, reaching its widest level since the euro-area debt crisis. French borrowing costs approached 5%, while concerns over the country's deficit, debt trajectory and political fragmentation intensified ahead of the 2027 presidential…

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