🚨🇫🇷 France's weekend of riots has now spilled into the markets... 📉
French stocks, bonds and the euro all slid this morning, with the CAC 40 down nearly 1% and government borrowing costs hovering near their highest since 2002.
The extra interest France pays to borrow compared to Germany is sitting near levels last seen during the euro debt crisis, and Goldman Sachs warns taxes will probably have to go up.
If things get bad enough for the ECB to step in, Goldman says France could be in for the kind of painful reforms Greece and Ireland went through.
Ask the people in those countries what “painful reforms” actually feel like.
Source: CNBC / Writer: Julie
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Top reply · ♥ 1
Nicholas Merten 🇺🇸 @NicholasMertenK ·
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@MarioNawfal You want to see painful reforms just wait until the ECB starts dictating their daily lives, because that’s the exact prize you get when you let rioters dictate the rule of law instead of arresting them and protecting the taxpayers who actually build the country



































































