欧洲经济危机引发全球震荡！法国意大利债务警示，俄罗斯发出警告

Group 1 - The financial struggle surrounding Russian overseas assets has revealed internal tensions within the Western alliance, contrary to initial expectations of a unified front [1][3] - The core issue revolves around nearly $300 billion of frozen Russian assets in European clearing banks, which poses a significant risk to the financial stability of Europe [3] - Europe's economic predicament is characterized by a dual pressure from external environments and internal structural issues, leading to a deep fiscal crisis [5] Group 2 - Over the past 40 years, major European economies have abandoned the "Bonn Rule," which mandated that increases in public debt must be offset by future budget surpluses, resulting in a growing structural debt problem [6] - France exemplifies this imbalance, with public debt soaring to €3.346 trillion, approximately 114% of its GDP, and interest payments becoming a significant fiscal burden [8] - Economic growth, previously a natural buffer against debt pressure, has become ineffective due to a high welfare-high tax model, external tariff barriers from the U.S., and geopolitical energy issues [10] Group 3 - The current debt situation in Europe is exacerbated by the inability to increase revenue or cut spending due to high tax burdens and entrenched social welfare systems, making effective reform politically challenging [13][14] - The lack of decisive action from the EU, due to significant disagreements among member states regarding fiscal discipline and austerity measures, has delayed necessary solutions [14] - The debt crisis in Europe poses a contagion risk to the global financial system, with potential repercussions for trade partners like China and the broader capital markets [16] Group 4 - The European debt crisis highlights a paradox where urgent economic reforms are hindered by political realities, leading to a structural deadlock that raises concerns about the timing of a potential crisis [17] - The inability of a large economy to self-correct increases the risk of spillover effects, making it crucial for global financial markets to prepare for inevitable turbulence [17]