Goldman flags France as potential new Greece, Eurozone debt crisis risk resurfaces

Goldman Sachs warns that French bond spreads have hit decade highs, with contagion signals to Italy, reviving comparisons to the 2011-2015 Eurozone debt crisis. The bank notes similarities but also structural differences, highlighting that France, Belgium, Austria, and Finland face large fiscal adjustments. The core risk is whether fiscal deterioration in core Eurozone states triggers a broader sovereign debt crisis, though current defenses (ECB tools, EU frameworks) may mitigate escalation.