France headed for ‘black hole’ – financial expert

George Mihalcea

PM Francois Bayrou’s government lost a no-confidence vote in parliament amid attempts to rein in the country’s ballooning sovereign debt The French government’s failure to put a lid on the country’s growing sovereign debt together with protracted political infighting could plunge the nation into a “black hole,” a financial expert has warned. France has one of the highest debts levels in the European Union, currently standing at about 113% of GDP, a ratio that is expected to climb to 125% by

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