World · 6 hours ago
France's £1.6 trillion debt could trigger a huge EU bailout
Brayden A. via Wikimedia Commons (CC BY-SA 4.0)
A leading analyst has cautioned that France's enormous public sector liabilities could trigger an economic crisis that would jeopardise the whole European Union. Tax consultant Bob Lyddon estimates France would need €1.8 trillion over two years if it couldn't access financial markets. He suggests the EU itself would have to borrow the money, making member states jointly liable, to prevent France's collapse.
Reported by Daily Express · How we write briefs