
Europe Is Facing Another Debt Crisis
In 2010-2014, the EU was the scene of a major fiscal crisis. Since then, nobody has treated the root cause, only the symptoms. Therefore, it is no surprise that history is about to repeat itself.

In 2010-2014, the EU was the scene of a major fiscal crisis. Since then, nobody has treated the root cause, only the symptoms. Therefore, it is no surprise that history is about to repeat itself.

France’s political elite is out of time: they must form a sustainable government and start fiscal consolidation, or the country risks an economic crisis at least as severe as the one 15 years ago.