In the wake of the subprime crisis, the markets grouped under the acronym ‘PIIGs’ the so-called ‘Club Med’ countries of Southern Europe together with Ireland. Having managed to avoid the property crisis and still enjoying some room for manoeuvre, France managed to look on at a distance and, although it was hit hard by the euro crisis in the years that followed, its credit rating remained strong and its credibility intact. According to ...Lire la suite