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  /  Top News   /  France’s Problem Is Not the “Far Right.” It Is Socialism. A Warning For All.

France’s Problem Is Not the “Far Right.” It Is Socialism. A Warning For All.

The French credit default swap has soared to a post-2020 record of 39 points. Many commentators blame the rise of the National Front for market turmoil. However, none of this would have happened if France’s debt was low, finances were strong, and the euro area enjoyed healthy economic growth.