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21 sats \ 1 reply \ @Signal312 2 Jul 2024 \ on: France’s Problem Is Not the "Far Right." It Is Socialism. A Warning For All. news
Very interesting article, thanks.
Could someone explain what credit default swaps are, in this quote?
Following the European elections, French credit default swaps have soared to a post-2020 record of 39 points
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0 sats \ 0 replies \ @cristaiji OP 2 Jul 2024
My basic understanding- It’s like a bet against the French economy or an insurance policy in which the investor gets a payout should the French government default on its debts.
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