France's debt service now takes a larger share of government expenditures than defense spending, and French bond rates are trading at a discount to Italian and Greek bonds, which is extraordinary given France's core position in the Eurozone.

factualpending

Speaker

William White

Evidence Quote

the bonds are now I think trading sort of at a not a premium but a a discount to Italian and Greek bonds which is sort of extraordinary... debt service is now um takes a bigger part of of government expenditures than than defense.

Source

Former Chief Economist (BIS) Explains Monetary EndgameReinvent Money
Created: 8/11/2026, 7:24:53 AM

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