Analysts Warn France May Seek IMF Aid as Sovereign Debt Crisis Escalates

Key Facts

1Analysts warn France may be forced to seek IMF assistance and ECB support as its debt crisis reaches a critical juncture.

Analysts warn France may be forced to seek assistance from the International Monetary Fund and the European Central Bank as its sovereign debt crisis reaches a critical juncture. Fortune reported that the country is facing a make-or-break moment as public protests escalate into riots, raising fears of a systemic financial collapse in the world's seventh-largest economy.

French public debt has reached a record $4 trillion, representing 119% of GDP, the highest ratio since the aftermath of World War II. These fiscal pressures have pushed French bond yields to their highest levels in 24 years, flashing warning signs not seen since the 2011 Eurozone debt crisis.