France's Debt Spiral: Tax Hikes Mask A Looming Crisis

France's Debt Spiral: Tax Hikes Mask A Looming Crisis Submitted by Thomas Kolbe On both sides of the Franco-German border, the same problem persists: overburdened and reform-averse politicians struggle against a rapidly accelerating debt spiral. Their preferred tool: higher levies. Last week, France’s Finance Minister Roland Lescure reported a revision of the projected budget deficit for the current year. Initial estimates for 2026 had suggested a deficit well above five percent...

By Tyler Durden