🔻 Street protest and debt crisis; Is France heading for a financial storm?
Guillermo de Olmo.
BBC Mundo
The protest, initially created in response to the declining quality and inadequate conditions of public schools, gradually became a broader protest movement that includes various demands; From the cost of living to the lack of opportunities for young people and low allowances.
The government of French President Emmanuel Macron was surprised and under pressure from the dimensions of this crisis. Looting and acts of vandalism spread in some of the country's most important cities, and the authorities imposed night curfews in several cities to curb the unrest.
But a more destructive fire may be burning in the financial markets; When in recent weeks signs of investor distrust towards French government bonds are increasing. France, like many other countries, issues bonds and other debt instruments to cover its current expenses. Investors buy these bonds and in return, the government undertakes to pay them the principal and some interest in the future.
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