#MMT in my secret heart the current French financial crisis forces the ECB to adopt a realistic finance view of bonds and 'debt' turning one huge bloc into a heterodox economy. Sigh.
www.nytimes.com/2026/10/08/b...
nytimes.com
France Is Veering Toward a Potential Debt Crisis Amid Protests and Turmoil
French bond investors are demanding sharply higher interest rates, a cautionary development for other high-debt countries.