I was reading an interesting article on French debt and these two paragraphs stood out
To the extent that any ECB rescue of France is a fiscal bailout, it is a transfer of money by German, Dutch or Finnish taxpayers still working in their late 60s to more affluent French pensioners in their early 60s.
France and Germany both had public debt ratios near 60pc of GDP in 2007. It is what made monetary union viable. Today, Germany is still near 60pc while France has doubled to 120pc and is on its way to 140pc. That divergence of the EU’s two core economies is the widening structural crack in the euro edifice
You can see why they are in this position looking at posts on here. So many just won’t accept there’s no more to pay for this.