Is Europe facing a new debt crisis after the French elections? (Augsburger Allgemeine)

In France, the right-wing nationalist Rassemblement National is clearly in first place in the first round of the early parliamentary elections, followed by a left-wing alliance. Is Europe facing a new debt crisis? In an interview with the Augsburger Allgemeine, Prof. Volker Wieland warns that in the case of France, it could be difficult to maintain confidence in the euro.

"In the last debt crisis, France was still a safe haven together with Germany," said Wieland The European Central Bank (ECB) had intervened and promised to buy up government bonds from highly indebted countries such as Italy and Spain in an emergency in order to prevent rising interest rate premia. This will be difficult with France. "And the ECB's room for maneuver will be limited, because it cannot let inflation get as out of control as it has in recent years."

Augsburger Allgemeine: "Droht Europa eine neue Schuldenkrise?"