France is next for attack by bond investors

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The Independent Online

France will be next on the list of eurozone countries to be attacked by bond investors worried about soaring sovereign debt levels, said the chief executive of the London Stock Exchange.

“France’s time is up next,” said Xavier Rolet. “It won’t be long before bond investors turn to France after they have finished with Portugal and Spain. “The country’s deficit is much, much higher than anyone realises. My view is that the markets are not prepared to finance it any more unless there is serious, tructural reform. No one, not even France, can hide anymore.”

The exchange chief added that the euro will survive, emerging “stronger under tough German leadership”.