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France Called the New Sick Man of Europe
Original: debt
A Washington Post opinion piece argues that France has become the new sick man of Europe, pointing to its chronic public debt and political dysfunction. France's debt burden, budget deficits and repeated government instability have drawn comparisons to the label once applied to struggling European economies. Commentators warn that unless Paris confronts its fiscal problems, the country's economic standing across the continent could continue to deteriorate.
Why now: Concerns over France's mounting public debt and political instability are driving debate about the country's economic health.
FranceThe Washington PostEuropean Union
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Evidence
- US margin debt reaches record $1.5 trillion — CNBC · UA.NEWS
- Surrey debt collector fined $34,000 for harassment of customers, threat of 'financial annihilation' · Vancouver Sun
- Opinion | France is the new sick man of Europe · The Washington Post
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