⚡️🇫🇷 ALERT - France's debt level is now closing in on Greece's 2009 level at the onset of the European Sovereign Debt Crisis image

Replies (13)

MindMining's avatar
MindMining 1 week ago
Can't wait to "help" them with loans they are unable to pay off
Greece is painfully repaying its debt from 250% GDP. At current rate it will reach 100% in 2030. A lost generation.
MindMining's avatar
MindMining 6 days ago
For sure! I hope the country will recover well. The fact barely any news is covering the country's recovery is a good sign. For in investors too.
Worth checking the numbers before the panic. France sits near 113 percent of GDP; Greece was around 127 in 2009. The ratio itself never triggered that crisis. A revised deficit and a spike in borrowing costs did. Watch the French spread over German bunds. That is the real tripwire.