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The French government plans to cut tens of billions of euros in spending next year to calm investor concerns about a global bond market rout.
The French government plans to cut tens of billions of euros in spending next year to calm investor concerns about a global bond rout. This follows French government bond yields rising 1.3 percentage points above German bonds, and French 5-year CDS reaching a new high since July 2013, indicating financial stress in Europe.
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