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France’s streets are on fire—and so are its finances. Soaring borrowing costs mean its debt is becoming more expensive to service. If the prospect of passing even meagre spending cuts in next year’s budget is implausible, the fiscal discipline that is ultimately required feels completely out of reach. Could France’s woes spark another euro-zone crisis?
Henry Curr and Mike Bird are joined by Sophie Pedder, The Economist’s Paris bureau chief, and Christian Odendahl, our European economics editor, to discuss whether France is about to blow up—and whether it could bring the euro zone down with it.
#france #economics #europe #markets #finance
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