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Could France’s debt troubles tip Italy into recession?

Euronews •

Rising borrowing costs and political uncertainty are putting France’s finances under pressure. Oxford Economics warns that a severe bond-market shock could push both France and Italy into recession in 2027, although a debt crisis remains outside its central forecast.

Roads and cars submerged as heavy rain floods eastern Spain

Euronews •

At least two people have died after heavy rain triggered flooding in eastern Spain. Streets and cars were submerged in the Valencia region as rescuers worked to evacuate stranded residents. Authorities urged people to stay indoors.