Worse than Greece? Financial markets are singling out France for a 2010-style sovereign debt crisis - The Straits Times
Worse than Greece? Financial markets are singling out France for a 2010-style sovereign debt crisis - The Straits Times
Source: The Straits Times
―
DW NOTE
France's sovereign spread over Germany hit 90 basis points last month — the widest since 2012 — while its deficit runs at 6.1% of GDP with no credible consolidation plan. Greece in 2010 had the excuse of lying about its books. France has published its numbers and spent anyway.