Nobel winner Krugman says France may have become 'too big to save'
Economist Paul Krugman sounded the alarm on a looming "ugly crisis," while former ECB head Jean-Claude Trichet said French politicians must compromise.
CNBC reports: Economist Paul Krugman sounded the alarm on a looming "ugly crisis," while former ECB head Jean-Claude Trichet said French politicians must compromise.
This business story centres on France. Names and organisations mentioned in the coverage include Economist Paul Krugman, Krugman and ECB.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- France · Europe
- Reported by
- CNBC
- First reported
- Key names
- Economist Paul Krugman, Krugman, ECB, Jean-Claude Trichet
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at CNBCSpotted an error? Request a correction · How this summary was produced
Related Stories
‘We’re not asking for luxury’: school protesters in Paris suburb feel abandoned by French state
“There aren’t enough chairs or desks to go round, so some students have to stand up,” Mohammed said.
Spa bliss in the Alps: hot springs and hiking in the shadow of Mont Blanc
An autumn break in the French mountain town of Saint-Gervais-Les-Bains offers thermal treatments and glorious walking trails before the winter ski…
French ministers scramble to appease students after 10 days of protests
Large crowds took to the streets on Thursday for mainly peaceful demonstrations in cities including Lille, Rennes, Nantes, Lyon, Toulon and…
French mayor tear-gassed after shielding protesters from police
Saint-Denis Mayor Bally Bagayoko was tear-gassed after shielding student protesters from riot police.
Yemen’s Taiz under siege again as food and fuel prices rise
Houthi advances and the closure of vital roads into Taiz have triggered shortages, reviving memories of earlier siege.
UK savings: 5% interest rate deals may not last, say experts
Competition is hotting up, with National Savings & Investments lifting rates to the highest in years National Savings and Investments (NS&I) has…
Israel’s economy prospers despite years of war, but prices worry voters
Tech is driving the economy, and investments are flowing in.
Create new pre-apprenticeship scheme to close youth unemployment gap, says Milburn
Alan Milburn, who is leading a major review into Britain’s youth jobs crisis, will call for a new “national pre-apprenticeship route” to offer young…




