Media: France's financial problems threaten a large-scale crisis throughout Europe

Brief retelling from RIA II

An unprecedented wave of protests took place in France, accompanied by riots and clashes with the police.

ECB head Christine Lagarde said that France's public debt is close to 120% of GDP, and the authorities have no plan to contain it.

Angel Talavera, chief European economist at the consulting firm Oxford Economics, said the likelihood of the crisis spreading from France to other eurozone countries is very high.

MOSCOW, October 7 - RIA Novosti. An unprecedented wave of protests in France has exposed the country's growing financial problems, which are likely to cause a large-scale crisis in Europe, CNN reports, citing economists.

Earlier, the head of the European Central Bank (ECB), Christine Lagarde, said that France's public debt is close to 120% of GDP, and the authorities have no plan to contain it, which poses a serious problem for the country.

“The likelihood of the crisis spreading to other countries and the eurozone as a whole is very high, and this could potentially lead to a serious crisis throughout the region,” Angel Talavera, chief European economist at the consulting firm Oxford Economics, told the TV channel.