https://twitter.com/Schuldensuehner/status/1494603957460774914 WHAT? That's what happens once you start intervening politically. #France to inject €2.1bn into EDF w/profit set to slump. Govt of President Macron, who faces re-election in April, had forced comp to sell more power at steep discount, to protect consumers https://t.co/Zc56hoDml7 https://t.co/paGfSQsnwE via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1497864259501535237 Good morning from #Germany where German banks have direct financial exposure to #Russia of just $5.2bn, acc to BIS. But banks from #France, #Italy, and #Austria are way more vulnerable to Russia, which could suffer a banking crisis after decoupling from SWIFT. https://t.co/VQfc0cdmTV via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1498602814876049408 OOPS! #Italys's (HICP) #inflation surged to a record for 3rd straight mth, heaping more pressure on ECB after higher-than-expected readings from #Spain & #France. CPI jumped 6.2% YoY in Feb way above 5.5% expected, mainly driven by energy w/costs soaring 27.3%. (via BBG) https://t.co/ejpvlyYTJY via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1511594660862570497 OOPS! #France's 10y risk spread over Germany's 10y jumps to 53bps, highest since 2020, as polls show the gap between French president Emmanuel Macron and far-right leader Marine Le Pen is narrowing before this Sun's presidential election. https://t.co/BYAaUCyoCa via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1511599014059331586 Le Pen risk rising as polls narrow ahead of 1st round of the French presidential election on 10 April. If #France elects a populist president, France & the EU would face a major upset almost comparable to the surprise win of Donald Trump in the 2016 US elections, Berenberg says. https://t.co/JlHLp0W1Hu via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1513075387248619520 #France 10y risk spread over #Germany jumps as Macron stalls, Le Pen gets tailwind w/French voters go to polls. Macron has been complacent campaigner, banking on idea that war & econ recovery favor incumbent & that would be enough to return him to office. https://t.co/9Iv0M5kaCH https://t.co/O9lFOMiiCP via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1538792117513900033 #France 10y risk premium jumps to 57bps after French Macron loses assembly majority in setback to reform agenda. The 44y-old centrist became 1st president in decades to fail to garner an absolute majority in parliament, falling short of 289-seat threshold. https://t.co/uABKyoR7G1 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1549632399524470785 #Italy is lagging behind its European Union peers on Energy autonomy. Produces just 24% of its own gross inland consumption & ranks 24th among 27 EU members on self-sufficiency. #Germany’s energy autonomy rate is 35% while #France is at 53%. https://t.co/10TbMc5wVo https://t.co/r3pAmUCam8 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1592232588034600960 London has lost its crown as Europe’s biggest stock market to Paris: #France’s stock mkt edges out UK in size. French stock mkt now worth $2.823tn, narrowly edging out UK at $2.821tn. In 2014, British stocks were collectively worth $2tn more than France. https://t.co/Wx72D93Heu https://t.co/rtSzWEf9md via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1598798117515628546 #France’s credit outlook cut to negative by S&P as nation’s slowing econ & govt measures to cushion households & businesses from higher energy weigh on public finances. AA rating affirmed. S&P cut 2023 GDP forecast to 0.2% from 1.7%, deficit forecast raised to 5.4% from 4% of GDP https://t.co/J52Et5M46K via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1621784662178660353 Good Morning from #Germany, where competitiveness vis-à-vis other countries of the #Eurozone has deteriorated. Meanwhile, #Greece is once again more attractive than Germany in terms of unit labor costs. But at least we have recently made up some ground against #France and #Italy. https://t.co/AAw5uLGoXq via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1630479470158028802 OUCH! Pressure on #ECB remains high as more #inflation disappointments rolling in. In both #Spain and #France, consumer prices have risen more than feared. Spain Harmonized CPI 6.1% YoY in Feb vs +5.7% expected. France 7.2% Harmonized CPI 6.1% YoY in Febvs 7% expected. https://t.co/Aoclsve9vV via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1652087560800182273 Fitch Ratings cut #France's Rating to AA- from AA w/a stable outlook in another blow to politically embattled President Emmanuel Macron. Cite weaker econ growth & higher inflation-indexed expenditure. Expect France to show a fiscal deficit of 5% of GDP this year from 4.7% in 2022 https://t.co/FpcYAernXO via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1652344789159821312 Fitch cites civil unrest in downgrade of #France credit rating: Rating agency warns pensions reform battle could thwart efforts to improve public finances. Said govt use of const tactic to pass reform w/o parliamentary vote could strengthen radical forces. https://t.co/RufUK2yqpW https://t.co/GDiof1lz12 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656561734092554241 #Germany has fallen further behind #France as an investment location or as investment platform. It is of little comfort that the decline in the UK and Spain has been even greater. #Turkey, #Portugal, #Poland & #Ireland were the big winners for foreign direct investments (FDIs). https://t.co/coMzPD9OPS via @Schuldensuehner

📊 #Nvidia is now worth more than the entire stock market in #France or the #UK. https://t.co/dSWNzeka57
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📊 To put things into perspective: #France has one of the highest tax revenues in the world as a share of GDP, and one of the highest spending ratios. By contrast, the US has one of the lowest tax and spending ratios among the developed economies. BUT both have debt trajectories… https://t.co/68bYZgqpUi https://t.co/paMIIgzRMi
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📊 #France's 10y risk spread over German bunds drops to 74bps on speculation Marine Le Pen’s far-right party will struggle to win an outright majority in French elections. https://t.co/PRbB7GZJdW
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📊 #France 10y risk spread over #Germany drops after surprise win for Left in French Vote. https://t.co/fMBFEU5psO
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#Germany’s new era of big spending is driving up borrowing costs across Europe, sparking fresh concerns about fiscal stability—especially in highly indebted countries like #France, #Italy, #Greece, #Spain, and #Portugal. https://t.co/PXK2yYRtn0 https://t.co/cNvuwMXGzd
— Holger Zschaepitz (@Schuldensuehner)
Mar 21, 2025