Who will come to France's rescue in the event of a debt crisis?
As French government bond yields surpassed 5% for the first time since 2002, the specter of a true budget crisis is drawing closer. The main firewall remains the European Central Bank, while an intervention by the International Monetary Fund appears to be almost certainly ruled out.
We haven't written up this one. Le Monde English has the full story — the link below goes straight to it.
Also reported by 2 other outlets
- French economy "at a standstill" adds to France's budget crisis risk euronews.com
- Podcast: The crisis France cannot ignore israelnationalnews.com
