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France's €107 Billion Deficit Shock: The Next Euro Debt Crisis?
France's €107 Billion Deficit Shock: The Next Euro Debt Crisis?
Submitted by Thomas Kolbe
Tuesday marked another low point for European fiscal stability. France, a cornerstone of the euro system, confirmed once again that it remains a leading candidate and potential trigger for a future euro financial crisis.
According to the French Ministry of Finance, the deficit of the French central government amounted to around €107 billion by the end of June. These are staggering figures – a deficit that is 14.4 percent higher than originally planned by the government.
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Unless the government...
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Jul 8, 2026 / Tyler Durden
Your Delusion Doesn't Make Me A "Doomer"
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Submitted by QTR's Fringe Finance
"There exists in society a very special class of persons that I have always referred to as the Believers. These are folks who have chosen to accept a certain religion, philosophy, theory, idea or notion and cling to that belief regardless of any evidence that might, for anyone else, bring it into doubt. They are the ones who encourage and support the fanatics and the frauds of any given age. No amount of evidence, no matter how strong, will...
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