Rolet Calls France Next Bond Target, Independent Says
(Corrects source of information beginning in first paragraph.)
France will be the next eurozone country to be attacked by bond investors worried about soaring sovereign debt levels, London Stock Exchange Chief Executive Xavier Rolet said, the Independent on Sunday reported.
France’s deficit is “much, much higher than anyone realizes” and markets aren’t prepared to finance it anymore unless there is “serious” structural reform, the newspaper cited Rolet as saying.
“It won’t be long before bond investors turn to France after they have finished with Portugal and Spain,” he said. “No one, not even France, can hide anymore.”
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