French borrowing costs hit 24-year high as civil unrest and budget fears spook markets

France's borrowing costs have surged to over 5% on 10-year government bonds, marking a 24-year high, as political instability and ongoing budget disagreements unnerve financial markets. The inability to pass a much-delayed budget, coupled with the lingering impact of recent violent street protests and smoldering civic buildings, has led to a fresh wave of selling, thereby increasing the interest rate on bonds issued by the eurozone's second-largest economy. This development reflects growing investor concern over France's financial health and political climate, making it more expensive for the French government to borrow money. The situation highlights the economic fallout from both internal civil unrest and legislative gridlock, impacting France's fiscal stability and market confidence.