Will France’s Debt Woes Impact the Euro? | Presented by CME Group

[Music] France, the Euro zone's second largest economy, has made headlines recently with soaring debts and deficits. Now, the latest deficit to GDP ratio stands at 5.8%, far exceeding the EU's 3% ceiling. Now, France has long been known for big social safety nets, which can drive deficits, but other factors have fueled the recent surge.Russia reduced energy supplies to France in 2022 and the government responded with heavy subsidies to support affected industries. The result, debt to GDP ratios went from 98 ...