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UK.

Good morning from the Financial Times. Today is Monday, September 15th, and this is your FT News briefing.

Political instability is leading to unusual activity in France's financial markets,

and Turkey's main opposition party is under attack by President Recep Tayyip Erdogan's government.

Plus, why the collapse of a little-known subprime auto lender left big U.S. banks on the hook?

Yes, it does, on the surface, look a little bit like 2008, even though it's unclear, you know, what the endgame here is.

I'm Victoria Craig, and here's the news you need to start your day.

The political crisis in France is ricocheting through the country's financial markets.

Borrowing costs for companies like L'Oreal and Airbus are now lower than borrowing costs for the French government.

It's a sign that investors see French corporate debt as a safer bet than French government. It's a sign that investors see French

corporate debt as a safer bet than government debt. It's also a highly unusual situation in

capital markets. The moves come a week after Francois Beiru was ousted as prime minister. It's the second

time in less than a year that a premier has fallen trying to fix the country's

widening budget deficit. And on Friday, Ratings Agency Fitch downgraded France's sovereign

...