Is France the new Greece?

France is unlikely to have a government with a mandate to tighten fiscal policy anytime soon, so the risks to its bond market will continue to grow. Its debt dynamics are not as bad as those of Greece in the 2010s, but a French sovereign debt crisis would be a problem for the euro-zone as a whole.  

Note: We’ll be discussing the French budget crisis in a Drop-In on Tuesday, 3rd December at 1000 ET/1500 GMT. Click here to register for the 20-minute online briefing.  

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