French financial markets hit by threat of government collapse

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The story "French financial markets hit by threat of government collapse" was covered 12 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 12h ago

French financial markets hit by threat of government collapse - Financial Times

Quick Summary:

The benchmark Cac 40 stock index was down 0.7 per cent, the worst performer among major European markets, having earlier dropped more than 1 per cent.

France’s budget deficit is on track to exceed 6 per cent of GDP this year, more than double the EU’s target of 3 per cent.

Jefferies’ chief European strategist Mohit Kumar said the sell-off was due to “concerns that the current government may not survive the budget”.