European Debt Is on a Dangerous Path. It’s Not Just France.
==========
French president Emmanuel Macron's call for a snap legislative election raises risks of a French debt crisis. Italy also finds itself on an unsustainable public debt path. The European Central Bank is no longer buying member countries' bonds on a massive scale. Italy's public debt to GDP ratio is well above its level during the 2010 euro zone debt crisis. Rating agencies express concerns about France's debt trajectory, noting that its public debt to GDP ratio could reach almost 115% by 2027. The world economic recovery is cast into doubt as the euro zone economy stutters.
#EuropeanDebtCrisis #France #Italy #EmmanuelMacron #EuropeanCentralBank
https://www.aei.org/op-eds/european-debt-is-on-a-dangerous-path-its-not-just-france/
American Enterprise Institute /
npub14z…4fwd3
2024-06-18 17:38:40
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wss://relay.nostr.band/allPublished at
2024-06-18 17:38:40Event JSON
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"content": "European Debt Is on a Dangerous Path. It’s Not Just France.\n==========\n\nFrench president Emmanuel Macron's call for a snap legislative election raises risks of a French debt crisis. Italy also finds itself on an unsustainable public debt path. The European Central Bank is no longer buying member countries' bonds on a massive scale. Italy's public debt to GDP ratio is well above its level during the 2010 euro zone debt crisis. Rating agencies express concerns about France's debt trajectory, noting that its public debt to GDP ratio could reach almost 115% by 2027. The world economic recovery is cast into doubt as the euro zone economy stutters.\n\n#EuropeanDebtCrisis #France #Italy #EmmanuelMacron #EuropeanCentralBank\n\nhttps://www.aei.org/op-eds/european-debt-is-on-a-dangerous-path-its-not-just-france/",
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