French bonds to be stable as deficit reduction delays

Source: Bloomberg
© Scanpix/Reuters
According to the survey of analysts, French bonds' yields will not increase in the nearest future, even though the country is struggling with high budget deficit and low economic growth. Meanwhile, the new Prime Minister of France Manuel Valls announced a 50 billion euro savings program until the year 2017. Moreover, the government plans to cut taxes for both households and businesses.
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