German Media: French Debt More Dangerous than Greek Crisis

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ntv refers to the risks that French debt could pose for the Eurozone, while Focus refers to the Greek tax lure for foreign pensioners.

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A French crisis could pose greater systemic risks than the Greek debt crisis, according to Commerzbank economist Jörg Kremer. The assessment is included in a research note presented by the German ntv. As he points out, public debt in the Eurozone currently averages around 90% of GDP, compared to 80% in […] French debt: Commerzbank sees a greater risk than the Greek crisis - pontosnews.gr

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ntv refers to the risks that France's public debt may pose for the Eurozone, citing an analysis by Jörg Kremer of Commerzbank. "French public debt poses greater risks than those posed by Greece's equivalent during the Eurozone's public debt crisis." Since "even a small country like Greece brought the monetary union close to collapse at the time, the systemic risks of a French debt crisis would be even greater." At the same time, Kremer's analysi…