French–German 10-year bond spread reportedly reaches its highest level in more than a decade

A post says the spread between French and German 10-year government bonds has risen to around 140 basis points, its highest level in more than a decade. It points to France’s budget deficit, which it says remains above 5% of GDP, and political uncertainty, including protests against planned budget cuts. The post draws a comparison with earlier European debt crises but says France differs from the weaker economies at their center.