Geopolitics Alpha

Reader Q&A: What’s next for France after a weekend of riots? Ask our Europe columnists

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At 3pm BST / 4pm CEST Friday 23 Oct , Guardian Europe columnists Rokhaya Diallo and Alexander Hurst will be live taking questions from our readers about the riots and protests in France. Send your questions by email now to conversations@theguardian.com , or join the discussion on Friday After weeks of protests and a weekend of riots in which a town hall was set ablaze, 2,000-plus shops were looted, 2,300 people were arrested and 1,000 police injured, the repercussions for France – for its society and its economy – continue. Allegations of police brutality surfaced, and the violent protests unnerved investors, resulting in a debt sell-off , with borrowing costs rising higher than for Greece. All of this ahead of a hotly contested presidential election that’s now just six months away. The French government’s escalating financial problems were covered by the Guardian’s Europe correspondent Jon Henley who wrote: “France’s national debt, at 119% of GDP, is at its highest level since 1946 . Its budget deficit, at 5.1%, is also among the highest in the EU. There is just no money in the bank to ease the cost of living squeeze that brought 550,000 people on to the streets on Saturday.” Continue reading...

Directly affected

  • PPLI People

    Named in this report.

Indirectly affected

  • JPM JPMorgan Chase

    Bank profits move with lending and interest rates

  • BAC Bank of America

    Bank profits move with lending and interest rates

  • WFC Wells Fargo

    Bank profits move with lending and interest rates

  • C Citigroup

    Bank profits move with lending and interest rates

  • TLT iShares 20+ Year Treasury Bond

    Long-term bonds move when yields change

  • IEF iShares 7-10 Year Treasury Bond

    Treasury bonds move when yields change

  • GS Goldman Sachs

    Bank profits move with lending and interest rates

  • MS Morgan Stanley

    Bank profits move with lending and interest rates

  • XLF Financial Select Sector SPDR

    A fund of financial companies

  • KBE SPDR S&P Bank

    A fund of bank stocks

Price reaction, T-5 to T+3

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At 3pm BST / 4pm CEST Friday 23 Oct , Guardian Europe columnists Rokhaya Diallo and Alexander Hurst will be live taking questions from our readers about the riots and protests in France. Send your questions by email now to conversations@th…

Source: The Guardian

This story

12 out of 100

“Reader Q&A: What’s next for France after a weekend of riots? Ask our Europe columnists” scores 12 out of 100. The score uses 1 sources.