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There’s no laughing at France – we’re next

Opinion: Markets have responded to France’s recent riots with shock not only because of the endless images of unbridled violence carried out on small business owners, but because France is a country that can no longer afford to buy internal peace. As Australians, we’ve long watched Europe’s fiscal troubles with a smug sense of economic self-satisfaction, but with falling tax receipts, rising bond yields and a tax saturation point – we’re closer to France than we think, writes Liam Garman.

ECONOMY • By Liam Garman

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