Michael A. Arouet(@MichaelAArouet):I have been posting frequently about the French debt crisis this week, honestly, it is quite concerning. The other reason is that I was in France this week. There is still no better place to visit. The mix of history, culture, breathtaking architecture, and unbeatable food and wine will remain regardless of what happens next. France has had eight sovereign defaults in its history. The coming ninth will be different, though. As France is in the Eurozone, the ECB will likely break its mandate again and monetise French debt, making everyone in the Eurozone much poorer as a result. There is a reason why the ECB president is French. Still the best place to visit in the world. Miss it already.

2026.10.04 06:25

I have been posting frequently about the French debt crisis this week, honestly, it is quite concerning. The other reason is that I was in France this week. There is still no better place to visit. The mix of history, culture, breathtaking architecture, and unbeatable food and wine will remain regardless of what happens next. France has had eight sovereign defaults in its history. The coming ninth will be different, though. As France is in the Eurozone, the ECB will likely break its mandate again and monetise French debt, making everyone in the Eurozone much poorer as a result. There is a reason why the ECB president is French. Still the best place to visit in the world. Miss it already.