France's government debt has hit 119% of GDP — roughly where Greece stood in 2009, just before its first bailout in 2010.
The comparison isn't about the number itself. It's about what happens when investors lose confidence in a country's ability to manage that debt.
Greece didn't collapse because debt was suddenly "bad." It collapsed when markets stopped believing the government could handle it.
The comparison isn't about the number itself. It's about what happens when investors lose confidence in a country's ability to manage that debt.
Greece didn't collapse because debt was suddenly "bad." It collapsed when markets stopped believing the government could handle it.
