French bond yields near 5 percent

French 10-year government bond yields have surpassed the 5% mark for the first time since 2002, amid worsening economic and political conditions in the country. Amid civil unrest and violent protests, France is struggling to pass its budget due to increasing parliamentary divisions. Meanwhile, markets continue to pressure the government to implement radical financial reforms to address rising public debt and budget deficits. The government aims to cut spending by 54 billion euros, while the European Union is demanding France reduce its budget deficit to around 3% of GDP instead of the 5.1% recorded last year.

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