Because it’s a day ending in “y,” the French are rioting again.

Nominally, the latest crusade to corral union workers, pensioners, students, and Greta Thunberg on the streets is something about education. Really, it’s a not-so-veiled threat to the government that it better not dare to reform France’s truly disastrous fiscal order. It’s also an attempt to stop, through mob violence, the French government from responding to a global investor revolt over its Obligations Assimilables du Trésor — medium- to long-term government bonds issued by the French Treasury to finance the national debt.