📉 Markets no longer trust French debt.
Its bonds now trade at a discount even compared to Italy — a country long associated with debt problems.
💰 French debt is over 110% of GDP, with a tax burden of 47%.
⚠️ Political gridlock is blocking any meaningful reform.
A vicious cycle is in motion:
🔄 rising yields → higher debt-servicing costs → wider deficits → even higher yields. ⚡
❗ If France becomes the ""new Italy,"" the Eurozone will lose its second anchor of stability.
This is no longer a local crisis — it’s a threat to the entire European economy.
