Basically all of this boils down to France needing more money. This is actually relativly easy to solve, by doing two things: Eurobonds and a EU finance agency regulating financial companies like banks, insurances and so forth in the EU and if need be bail them out. That would lead to borrowing costs equalizing throughout the Eurozone for private borrowers and Eurobonds would be at a lower rate. Maybe even lower then Bunds, as current USD holders will move to the Euro.
Basically all of this boils down to France needing more money. This is actually relativly easy to solve, by doing two things: Eurobonds and a EU finance agency regulating financial companies like banks, insurances and so forth in the EU and if need be bail them out. That would lead to borrowing costs equalizing throughout the Eurozone for private borrowers and Eurobonds would be at a lower rate. Maybe even lower then Bunds, as current USD holders will move to the Euro.
Let’s see what happens, but this is badly needed.
Let the masses pay for it by letting inflation eat wages, pensions and saved money.
Tax capital. All else is unfair.