How bad does it have to get for the ECB to save France?

What happened: French borrowing costs are surging, and the head of the French central bank, Emmanuel Moulin, told the Financial Times his country risks being "strangled by interest rates." Investors are dumping French bonds. Key numbers: Proposed €43bn in cuts for 2027. Deficit could reach upwards of six percent next year. Why it matters: Moulin said the best solution is for the French government to cut costs and reduce the deficit, but passing cuts through a divided parliament is a tall order. The wider spread signals investor nervousness and recalls the eurozone crisis.

ECB intervention question signals French fiscal stress and potential sovereign risk.

ECB intervention question signals French fiscal stress and potential sovereign risk. — impact context not separately stored; see What changed.