The concept of the risk premium has once again made headlines in recent weeks, despite being far removed from the economic situation of the toughest years of the financial crisis. The reason: political crisis in France –derived from the complex economic context in which the country is immersed– has left the French risk premium at extremely high levels, and on some days it has even exceeded that of Italy. At the close of this Friday, the French indicator stood at 80 points, close to the Italian (84) and far from the economies that until not so many years ago were considered to be at greater risk – the PIGS –, such as Spain (57), Greece (70) or Portugal (42).