france has a €3.4 trillion problem 🇫🇷

public debt is now around 117% of GDP, while hedge funds are becoming increasingly active in the French government bond market.

the strange part? france is still one of Europe's biggest economies — but slower growth, expensive borrowing and persistent deficits are making its debt much more interesting to speculators.

when hedge funds start paying this much attention to a country's debt, they're usually not there for the croissants.
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