- The governor of the French central bank warned that France is at risk of being 'strangled by interest rates', spotlighting the sovereign's rising debt-service burden.
- The warning is the new element: a sitting central bank head publicly framing high rates as an existential financing risk for a large euro-area sovereign.
- The story sits on the euro-area rate path and sovereign credit axis, where higher yields directly raise refinancing costs for France.
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“French central bank head warns country at risk of being ‘strangled by interest rates”