Browsing: Frankfurter Allgemeine Zeitung

“Rather, the entire political elite must ask itself whether it has grasped the seriousness of the situation. France is sitting on Europe’s highest mountain of debt and needs to make cutbacks in order to preserve some budgetary leeway and not gamble away the dented confidence of rating agencies and bond markets. There has been no shortage of warning shots. And one thing is also clear: in the coming months, France’s ability to act will be even more limited than it already is. This is bad news for Europe, which should actually be worrying about other things in view of the geopolitical challenges.”