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

France's borrowing costs have surpassed 5% for the first time in 24 years due to political instability and a delayed budget. The yield on the 10-year bond rose amid ongoing protests over living costs and education issues. The government has struggled to pass its budget, leading to concerns from international lenders about fiscal management. Protests have escalated into riots, impacting businesses and public safety. The political gridlock has hindered President Macron's reforms, contributing to a rising budget deficit and debt levels, while the euro's value declines against other currencies.