The Aporia
Lachman, D. (2026, October 20). France’s threat to the US’s economic recovery. Washington Examiner. https://www.washingtonexaminer.com/restoring-america/faith-freedom-self-reliance/4770916/france-threat-us-economic-recovery/
Lachman, Desmond. “France’s threat to the US’s economic recovery.” Washington Examiner, 20 Oct. 2026, https://www.washingtonexaminer.com/restoring-america/faith-freedom-self-reliance/4770916/france-threat-us-economic-recovery/.
Lachman, Desmond. “France’s threat to the US’s economic recovery.” Washington Examiner, October 20, 2026. https://www.washingtonexaminer.com/restoring-america/faith-freedom-self-reliance/4770916/france-threat-us-economic-recovery/.
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As of October 20, 2026, economist Desmond Lachman warns that France's economic crisis could negatively impact the United States' economy due to the interconnectedness of global financial markets. France, with a $4 trillion public debt and Europe’s second-largest economy, is experiencing a bond market crisis similar to Greece's earlier issues. This situation has raised concerns about potential spillover effects on U.S. Treasury bonds, which have already seen their yields rise to the highest levels in the past two decades. Additionally, Lachman notes that both France and the United States face unsustainable public finances and chronic budget deficits, highlighting a lack of political will to address these issues effectively.
Before deriving pleasure from France’s present economic and political turmoil, President Donald Trump might want to consider that France’s current bond market crisis could have serious adverse spillover effects for the U.S. economy.
France is Europe’s second-largest economy and has a $4 trillion public debt, some eight times the size of that of Greece.
It must also be of concern that, like France, the United States has unsustainable public finances and lacks the political will to address its chronic budget deficit.