France’s borrowing costs reach 5% as debt squeeze sharpens
France’s 10-year borrowing costs are around 5%, their highest since 2002, and above Italy’s and Greece’s, according to Al Jazeera. NPR reports that France’s debt is adding to pressure on a government struggling to fund services amid protests over schools, teacher shortages and living costs.
Bottom line — Al Jazeera says France’s borrowing costs are around 5%, against 3.41% for Germany.
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Al Jazeera reports that France’s 10-year borrowing costs are higher than Italy’s and Greece’s; only the UK pays more.
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The IMF projects France’s public debt will reach 121.8% of GDP by 2030, according to Al Jazeera.
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Al Jazeera says global debt rose by €8.6 trillion ($10 trillion) in the first half of 2026, to more than €313 trillion ($365 trillion), citing the Institute of International Finance.
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Advanced economies paid more than €2.8 trillion ($3.3 trillion) in interest on government bonds over the past year, Al Jazeera reports.
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NPR says France and countries including the US, UK, Italy and Canada have borrowed record amounts; rising interest rates may constrain further borrowing.
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The IIF says global debt exceeded €300 trillion ($350 trillion) in early 2026, about 305% of global GDP, with government borrowing accounting for a growing share.