France and Germany near deal on rescue fund

France and Germany neared an agreement to bolster the Eurozone’s rescue fund in a move designed to ease market uncertainties before the G20 summit in Cannes early next month.

According to the Guardian newspaper, France would now have to pay “more than a percentage point – 114 basis points – over the price paid by Germany to borrow for 10 years as the gap between the two country’s bond yields widened to their highest level since 1992.” Read more of the Guardian’s report.

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