🇫🇷 FRENCH DEBT CRISIS COULD POSE GREATER RISKS THAN GREECE, COMMERZBANK WARNS

COMMERZBANK WARNS THAT FRANCE'S DEBT PROBLEMS COULD POSE GREATER SYSTEMIC RISKS TO THE EUROZONE THAN GREECE'S SOVEREIGN DEBT CRISIS.

EUROZONE PUBLIC DEBT NOW AVERAGES 90% OF GDP, UP FROM 80% IN 2009, WHILE APPETITE FOR FISCAL REFORM HAS WEAKENED.

HOWEVER, STRONGER BANKS, FRENCH INSTITUTIONS AND ECB INTERVENTION TOOLS REDUCE THE RISK OF CONTAGION.

COMMERZBANK DOES NOT EXPECT A NEW SOVEREIGN DEBT CRISIS, BUT WARNS THE RISKS ARE RISING. ...