France's Debt Problem Hints At Serious Problems In The Eurozone

France provides the blueprint for fiscal policy and the completely unrealistic forecasts within the eurozone. The same applies to the growth forecasts, which always overstate the potential growth. If you reduce economic output by the state sector, which is merely a consumer and not a producer, the eurozone presents a devastating overall economic picture - if you now add the fact that all countries are in a serious demographic crisis, the orgy of debt is likely to accelerate.

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