Ugo Pascolo
6.22pm, November 28, 2024
For Marc Touati, the French debt could become the bone of contention between Paris and Berlin which will cause the euro zone to “explode”. He explains why on Cyril Hanouna’s microphone. Listen to the excerpt again. You can react at 01.80.20.39.21.
A crisis that puts an end to the euro zone? For the first time, France’s borrowing rate exceeded that of Greece. More than 10 years after the EU avoided Greece’s bankruptcy with an XXL rescue plan of 237 billion euros. “What saved Greece at the time was the euro zone. But because Germany wanted it,” recalls the microphone‘We walk on our headsthe economist Marc Touati.
Will Berlin save Paris from bankruptcy if necessary?
Will Berlin come to lend a helping hand to Paris, as it did for Athens in 2012? Nothing is less certain. “Every day, people tell me ‘but you know, don’t worry, the European Central Bank will print money, will finance us, etc.’ No, because the Germans today no longer want to do that and what’s more, they have a political crisis on their hands.”
So, “they can very well say to France ‘no, we will not finance your public debt’. It could even cause the euro zone to explode. It is extremely dangerous. I was in Frankfurt, there is no for a long time, and I don’t think we can imagine the animosity of the Germans towards the French.”
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