France in the Danger Zone: Former IMF Chief Economist Pierre-Olivier Gourinchas Warns of Budgetary Impasse and Financial Crisis
France faces a mounting financial crisis characterized by a projected 2026 public deficit of 5.4% and widening bond spreads, driven by a persistent political paralysis and an inability to implement difficult fiscal choices, according to former International Monetary Fund chief economist Pierre-Olivier Gourinchas. The 2026 Budget Reality and Bond Market Pressures Yields on French government … Read more