Tag: credit downgrade

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.

French Downgrade: Red Crisis Flags in Paris

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.