US EditionWarning FRANCE now faces IMF bailout - just days after Britain tipped to suffer same fate
4 Articles
4 Articles
UK, France face IMF bailout fears as debt pressures mount
LONDON/PARIS__ Britain and France are both struggling with alerts of possible International Monetary Fund (IMF) bailouts as out-of-control debt, expensive borrowing and political uncertainty worsen fears for Europe’s economic future. In the UK, economists warned that Chancellor Rachel Reeves’ budget policies threaten to send Britain back to a 1970s-style debt crisis. The Telegraph reports that Reeves’ tax-and-spend agenda has left a £50 billion …
Tension in the markets is fueled by the internal political blockade and the 8 September confidence motion that can bring down the Bayrou government
—The Telegraph: The size of the public debt, combined with high inflation and taxes, means that Britain can no longer count on remaining solvent. It is very likely that the country will have to ask the IMF for money, which will be a real humiliation, says the British newspaper The Telegraph. The decline began in 1997, when the Labour Party came to power, and the subsequent 28 years have been marked by an inexorable weakening of Britain's competi…
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