Business
ECB policymakers rule out intervention as French bond spread hits highest since 2011
October 9, 2026 at 06:26 AM · Updated 7d ago
Coverage
3 reports · over 13 hours
AJAl Jazeera Arabic
الأسهم الأوروبية تحاول التعافي وتتجه لخسارة أسبوعية بفعل الديون الفرنسية
(opens the publisher’s site)
SNSky News Arabia
سندات فرنسا تحت النار.. لماذا لا يتحرك المركزي الأوروبي؟
(opens the publisher’s site)
يواليوم السابع
محافظ بنك فرنسا: الصدمة الجيوسياسية لأزمة الشرق الأوسط تطال جميع الاقتصادات
(opens the publisher’s site)French bond-market stress has pushed the European Central Bank to the sidelines, with policymakers saying the conditions for intervention are not met.
- The yield premium investors demand on 10-year French bonds over German equivalents reached its highest since 2011, with Italian, Greek, and Belgian debt also under pressure.
- Banque de France governor Emmanuel Moulin said the ECB is not meant to fix member states' fiscal problems; France must cut its deficit below 5 percent.
- Moulin said the Middle East's geopolitical shock affects all economies, including those with strong public finances, with inflation so far confined to energy.
- Bundesbank president Joachim Nagel called ECB bond-buying tools unsuitable for defending yield-spread levels; Olli Rehn said nothing justifies activating the safety net for France.
- European stocks rose at the open on Friday, attempting to recover from sharp weekly losses as bond-market volatility eased.