GPM Economic Outlook: France
July 27, 2015
France is a geopolitical contradiction: on one side it is a continental powerhouse and half of the Grand Partnership that drives the European project. On the other it’s a ticking debt bomb that refuses to reform and balks at the Union’s already lax fiscal regulations. Some even go so far as to classify it as an unofficial member of the PIGS (Portugal, Italy, Greece, and Spain), that ignoble club of euro zone countries flirting with a sovereign debt crisis.