The French Political Crisis That's Turning Into a Debt Crisis

France is facing a severe debt crisis, with a bond selloff that threatens to spill over into the rest of Europe. The country's public finances have deteriorated, and investors are worried about the upcoming 2027 elections, where frontrunners Marine Le Pen and Jean-Luc Mélenchon are seen as incapable of addressing fiscal turmoil. Shahin Vallée, a former economic advisor to Emmanuel Macron, explains the origins of France's current crisis, drawing parallels with Greece's debt troubles during the first euro crisis. He details what went wrong during Macron's presidency and why the political instability around the elections is deepening the crisis.