Part 8/14:
France’s Troubles and Potential Collapse
France’s political paralysis exemplifies these cracks. Its recent government upheaval, combined with a record budget deficit and rising bond yields (around 3.5% for 10-year bonds), foreshadows a potential crisis. While the ECB maintains a stance of cautious inaction, markets are betting that a failure to intervene could jeopardize the entire euro project.