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Commerzbank Warns: French Debt Crisis Poses Greater Systemic Risk to Eurozone Than Greece
Commerzbank warns that France's debt problems could pose a greater systemic risk to the Eurozone than the Greek sovereign debt crisis. Eurozone public debt currently averages 90% of GDP, up from 80% in 2009, with a weakening appetite for fiscal reform. However, the bank does not believe a new sovereign debt crisis will erupt but warns that risks are rising.
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