Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom

€ 3 billion

This is the annual cost of one percentage point increase of the interest rates on French government bonds, according to the credit rating agency Moody’s. France is currently facing 2% higher rate for 10 years bonds than Germany, which is the unprecedented gap between the two countries’ interest rates since the creation of the Eurozone.

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