Is this how the great international borrowing spree ends?

Planet Money examines the possibility that France, the world's seventh-largest economy, could default on its debts. The episode ties France's struggles to a broader decade-long international borrowing spree by major economies like the U.S., U.K., Italy, and Canada. As interest rates rise, the era of cheap money is ending, threatening countries with heavy debt loads, and the consequences could be severe. The show reports on protests in France over crumbling schools, teacher shortages, and the high cost of living.