France’s Debt Crisis Threatens Eurozone Stability, Claims Arthur Hayes

Arthur Hayes, co-founder of BitMEX, warns that France’s mounting debt and financial instability pose a significant threat to the Eurozone as a whole. The nation is facing a large capital flight, indicating deep distrust in its ability to meet its financial obligations within the euro framework. He argues that France’s status as a major player within the Eurozone means a bailout by the ECB could come at a massive cost for the entire bloc.