How Do We Get Out of a Fiscal Crisis? the Lessons of Sweden and Canada

Le Grand Continent

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One year after an election campaign in which spending promises multiplied and six months without an adopted budget, France wakes up as Europe's worst financial student. As a percentage of GDP, its deficit is exceeded only by Poland and Romania and its debt is rapidly approaching that of Italy, the undisputed champion of treasury bonds. The spectre of the financial crisis, of an attack by the "justiciers of the treasury bonds", cannot be excluded.