Inflation is slowly approaching the 2% target, allowing the European Central Bank to cut interest rates by 25 basis points and change rhetoric with room for further easing.This might seem like a positive sign for markets, but French and German 10-year bond yields remain near 2010 levels when the bloc faced a debt crisis. So the question arises: could history repeat itself?The worst-case scenario does not yet figure in the base case, but the stakes could rise if the bloc's economic situation worsens, along with political tensions.In particular, if the first round of voting in France this weekend confirms investors' fears, the flight of French government debt could accelerate, affecting the en
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