French borrowing costs rise above Greece for the first time in 12 years

French borrowing costs rose above those of Greece for the first time on December 2, as Michel Barnier’s government teetered on the brink of collapse, underlining a dramatic shift in how lenders view the creditworthiness of eurozone members.

The far-right National Rally (RN) party on Monday said it was ready to trigger a no-confidence vote in the government, in the latest salvo in a dispute over Barnier’s proposed budget that