Did France ever join the Euro?
While people talk of Brexit and Britain keeping out of the EU and the Euro, they might like to know of a little known fact. France never really joined the Euro either. In the sense that the majority of French government debt is still nominated in old French Francs. They are looking at revaluing their remaining Euro debt into Franc debt, and getting ready to devalue the Franc.
When QE (Quantitative Easing) ends or reduces later this year, as is expected, all the chickens will come home to roost. Deutsche Bank will be going down according to this commentary. 90% of French debt is held by German banks.
Source: http://tapnewswire.com/2018/06/did-france-ever-join-the-euro/
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