France awaits Moody's verdict: Downgrade widely expected as debt fears grow

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France faces a widely anticipated Moody’s downgrade as rising public debt and borrowing costs intensify concerns about its finances. The country’s 10-year government bond yield has moved above 5% for the first time since 2002, amid cost-of-living protests.

France's cost of living protests come as the country struggles with its increasing public debt. Concerns over these public finances have pushed the nation's 10-year government bond yield above 5% for the first time since 2002—making borrowing costs higher. Oliver Davis, Professor and Head of the French Department at University College Cork, is our guest.