Nobel winner Krugman says France may have become 'too big to save'

Nobel-winning economist Paul Krugman has warned that France faces a potential 'ugly crisis' and suggested the nation might be 'too big to save.' Meanwhile, former European Central Bank head Jean-Claude Trichet stressed that French politicians need to reach compromises.

Key facts

• Nobel winner Paul Krugman warned of a potential 'ugly crisis' regarding France's debt situation.
• Krugman stated that France may have become 'too big to save'.
• Former ECB head Jean-Claude Trichet called on French politicians to compromise.

CNBC

Source: CNBC World News — Read original story