Euro zone to urge France to pass 2027 budget
Euro zone finance ministers and the ECB are set to press France to approve a 2027 budget to calm bond markets. French borrowing costs have recently reached 25-year highs amid growing concerns over the nation's large budget deficit.
Euro zone finance ministers and the European Central Bank will urge France on Thursday afternoon to pass a 2027 budget. The warning comes as French borrowing costs hover at 25-year highs amid a mounting bond market selloff. The intervention aims to calm investors rattled by widening budget deficits and looming political uncertainty.
