Tyskland og Frankrike har vært radarpar og motor i EU. Nå begynner markedene også å vise mistillit til fransk økonomi.

Den såkalte spread – forskjellen i renter på tyske og franske statsobligasjoner var større enn på 20 år igår. Det betyr at markedet har tillit til tysk, men stiller seg tvilende til fransk økonomi.

Problemene i Hellas, Portugal og Italia får en dominoeffekt.

The gap or “spread” between French and German bonds yesterday hit 1.46 percentage points — the highest level for almost 20 years and three times the gap recorded a year ago — as the borrowing cost for France reached 3.179pc.
The close relationship between France and Germany is regarded as the bedrock of the EU’s political and economic co-ordination. A widening gap would heighten fears for the entire European project. Belgium and Spain also saw “spreads” over German borrowing costs reach near 20-year highs.

The French central bank warned that growth would grind to a halt in the final three months of the year, after just 0.1 per cent growth in the three months to September. The government had already announced more austerity measures to shrink the debt pile, which is forecast to reach 87 per cent of GDP this year.

France and Spain could be next to suffer Euro crisis