France is in a worse financial state than Italy, Greece, Spain or Portugal. Debt repayment issues are much the same in all of these countries however the expectations of the French are much higher.
The French economy can't expand because taxes are too high. Taxes are high because expectations of services to be provided by the French Government are too high and because France likes to sit between Germany and the UK as something of a global power. The short answer is that the French have been living beyond their means for decades and the chickens are now coming home to roost.
The yellow vesters along with other activists are as stupid as consecutive French Governments over the past 40 years. Activists in inefficiently run French industries have put brakes on more efficient parts of the economy that could have done much better.
French banks are simply the piggies in the middle and as I see it they are all on their way to slaughter. Again, sitting on the edge of an economic precipice the vesters are idiots.
