France’s poor economic outlook is Europe’s next problem

In November, soon after France and Belgium were forced to pump another 5.5 billion euros into bailed out lender Dexia, the ratings agency Moody's stripped France of its AAA sovereign debt rating. The interesting bit was that Moody's maintained its negative outlook. The ratings agency reckons France has poor longer-term economic growth prospects and a poor fiscal outlook. According to recent data, the outlook is still just as dim, probably worse.
I would also add that France has a poorly capital...


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