World · 1 hour ago
UBS chief says France needs “hard measures” for its debt crisis
Photo: UBS Group (CC BY 2.0)
Sergio Ermotti, the CEO of UBS, warned on Tuesday that France's growing debt crisis requires significant action, not just small adjustments. He compared the situation to Europe's sovereign debt crisis from 2011, noting France's economy size makes it a harder challenge this time. French government bond yields reached 4.7689% on Tuesday, now higher than in Greece and Italy.
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