The budget dispute in France is causing turbulence in the financial market. The risk premium that investors demand to buy French government bonds compared to German government bonds climbed to 0.885 percentage points on Wednesday – the highest level since 2012 when the euro crisis was raging. The French benchmark index CAC 40 fell by 0.9 percent, more than any other major stock market index in Europe. Investors mainly sold shares in the major banks BNP Paribas, Société Générale, and Crédit Agricole, whose share prices fell by between two and three percent.