France fiscal crisis tests euro stability as debt nears 120% of GDP

France's public debt is confirmed to be approaching 120% of GDP with a deficit exceeding 5%, raising concerns about fiscal sustainability and potential Eurozone spillover. This situation is exacerbated by ongoing political and social instability, including recent riots, and a fragmented National Assembly, which is claimed to hamper fiscal consolidation efforts. The long-term economic decline is claimed, with immediate triggers being political and social unrest.