France Declares 60% of its Debt Illegitimate, Paving the Way for Re-systemization of Banking Structure

France Declares 60% of its Debt Illegitimate, Paving the Way for Re-systemization of Banking Structure

” the committee for a citizen’s audit on the public debt issued a 30-page report on French public debt, its origins and evolution in the past decades. The report was written by a group of experts in public finances under the coordination of Michel Husson, one of France’s finest critical economists. Its conclusion is straightforward: 60% of French public debt is illegitimate”

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