After the chaos that the legislative elections in France caused in the debt markets, which led the bonds of this country to already have a higher yield than that of Spain, this Wednesday another step was taken that seemed inaccessible . The risk premium (difference between French and German bonds) has reached the highest point since 2012while the euro crisis was still at its peak. At the start of the day, it already reached 89 basis points.
These movements come after a tireless increase that occurred throughout the month of November, Well, on the 13th of this month it reached 72 points and since then it has not experienced relegations. Behind these movements lies political chaos again and this time the risks are even greater than during the legislative elections. Marine Le Pen has promised she will overthrow the government if it fails to meet demands laid out in an ultimatum that could erupt in December. Since then, more and more media outlets and politicians have assumed that far-right politics will carry out their threat, dragging the country into political chaos and worsening the problems already created in the financial markets.
