"France's aggressive stimulus policies have already pushed its budget deficit to 6% of GDP, while its debt-to-GDP ratio has soared to 112%, up from 95% in 2015."
"European Central Bank president Christine Lagarde warned that France's fiscal trajectory is unsustainable without far-reaching reforms."
"Debt markets have recently woken up to the risks posed by France's ballooning debt, with the French government now paying a higher risk premium than Spain."
"The sluggish, indebted economies of Europe and Japan are prime examples of this dynamic, as subsequent academic research has shown."
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