Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom

$ 1.543 billion

is the amount of exposition of French banks to European countries’ private and public debt. They own for instance $106 billion of Italian public debt (which is six times higher than the amount held in Greek bonds), while $230 billion are held in Belgian government bonds. France is therefore almost as vulnerable to its neighbor debt crisis than to its own.

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