France's crisis mirrors Greece's decade-old collapse, analyst warns
France is experiencing widespread social unrest and violent protests, driven by a deep political and economic crisis that analysts compare to Greece's situation a decade ago. The country faces severe fiscal problems, including public debt exceeding 110% of GDP, a budget deficit of 5.4%, and sluggish growth of just 0.4%. Borrowing costs have reached 25-year highs, with the ten-year bond yield near 5%, while social services and pensions strain state resources. Analyst Tasos Karamitsos argues the crisis mirrors Greece's path to bankruptcy, warning that years of overspending and unfulfilled promises have fueled public anger, particularly among second and third-generation immigrant youth. This environment risks boosting far-right leader Marine Le Pen and other extremist parties.