German businesses warn that French debt risks may surpass the Greek crisis

智通财经2026/10/09 12:07

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(1) Commerzbank warns that France's debt issues may pose an even greater systemic risk to the eurozone than the Greek sovereign debt crisis. (2) The institution points out that public debt in the eurozone currently averages about 90% of economic output, up from around 80% in 2009. (3) Meanwhile, the willingness of various parties to advance fiscal reforms has weakened. (4) However, a more robust banking system, French institutions, and the intervention tools of the European Central Bank have reduced the likelihood of risk contagion. (5) Commerzbank does not expect a new sovereign debt crisis to occur but warns that related risks are on the rise. (6) On the market front, France's fiscal trajectory and the sustainability of eurozone debt remain potential variables in the pricing of long-term interest rates. (7) Ongoing attention should be paid to the progress of French fiscal reforms and the application of European Central Bank policy tools.

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