France would not be able to weather a rise in interest rates
A rise in interest rates would be very difficult to bear for the French economy: It is the fall in companies’ interest payments that explains the entire increase in their profitability; There is already a downturn in home building even though interest rates are at their lowest; The French government ’s fiscal solvency would be far from ensured if interest rates rose .
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Natixis
Natixis
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