Europeans and Americans see a plausible chance of their governments defaulting in the next decade, with the French emerging from among the largest nations as most nervous about their country’s public finances. Some 53 per cent of those polled in France thought it was likely that their government would be unable to meet its financial commitments within 10 years, according to a Financial Times/Harris opinion poll published on Monday. Just 27 per cent said it was unlikely. Sarah O’Connor analyses the possibilities of fears becoming reality.

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Source – FT.com