France's Debt Crisis: Unstoppable Spending
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France's massive debt is worsening, reaching the highest deficit in the Eurozone. Pierre Moscovici, head of the French Court of Accounts, attributes this to France's persistent overspending, ingrained in its social contract and exacerbated by successive governments' crisis responses. The debt is increasing at an alarming rate of €5,000 per second, with servicing costs projected to reach €75 billion next year.
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