00:00The Euro has fallen to its lowest level against the dollar in 17 months, touching $1.1161 after
00:08four straight weeks of losses.
00:12This comes as political and fiscal worries in France and Spain are reviving memories
00:17of the Eurozone debt crisis.
00:19In France, the gap between French and German 10-year bond yields is around 146 basis points,
00:26its biggest weekly jump in 17 years, and the French 10-year yield is close to a 24-year
00:33high.
00:34Spain added to the political uncertainty on Monday, when Prime Minister Pedro Sanchez called
00:39a snap general election, after the parliament rejected two of his minority government's
00:45housing decrees on Friday.
00:46But even so, Spain's premium over Germany is around 65 basis points, less than half
00:53of France's.
00:55Fears of contagion are growing, with Italian, Belgian and Greek bonds also hit last week.
01:02The European Central Bank has raised rates twice since June, with inflation at 3.8%.
01:09ECB President Christine Lagarde called France's debt a serious matter, but insisted this is
01:15not 2008 or 2011.
01:18The European Central Bank has raised rates twice since June, but not 2008 or 2011.
01:18The European Central Bank has raised rates twice since June, but not 2008 or 2011.
01:20The European Central Bank has raised rates twice since June, butche the European Central Bank has
