Unsustainable debt and a lavish welfare system risk triggering a run on banks
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Unsustainable debt and a lavish welfare system risk triggering a run on banks
Unsustainable debt and a lavish welfare system risk triggering a run on banks
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A moribund government and an out-of-control budget deficit are a lethal combination

Substantial cuts to public spending are the only to avoid a financial bailout

The two European giants are in a slow-motion race towards the precipice of a financial crisis

French borrowing costs spike as country faces second collapse of its government within a year

The country refuses to tackle over-spending, assuming it can borrow forever – and we are heading in the same direction

The government is on the brink of collapse over planned austerity. Instead it must face up to the costs of its unnecessarily…