France’s student protests expose a debt crisis that could spread across Europe
Part of composite article Global Debt Crisis Pushes Borrowing Costs to 40-Year Highs as Russia's War Deficit Doubles to $81 Billion View full article →
London — France’s student protests have exposed the country’s growing financial problems. These problems will become harder to solve as Europe’s second-largest economy tries to reduce a rapidly growing budget deficit.
France’s finances are in a weak position. Public debt reached more than $4 trillion in June, a level that exceeds the size of the economy.