$BTC From my perspective, a major financial conflict is quietly building inside Europe. Germany has rejected France’s proposal for the EU to issue joint bonds to cover additional spending. In simple terms: Germany doesn’t want to share debt responsibility for others.$BTC
The numbers explain everything — Germany’s debt-to-GDP ratio is around 65%, while France’s is close to 120%. That means France carries almost double the debt relative to its economy. Germany has always followed strict fiscal discipline, and they fear joint bonds would effectively make German taxpayers indirectly support French debt.
This isn’t just about money — it’s about the future structure of the European Union. During COVID, the EU issued common debt for recovery funds for the first time. Now some countries want to repeat that model, but Germany worries it could turn the EU into a “debt union” where stronger economies continuously back weaker ones.
If distance between Berlin and Paris keeps growing, pressure on the euro could increase and political divisions across Europe may deepen. That’s why markets are watching this situation very closely. 🌍💶🔥$BTC