John Mauldin: 'France is Spain and Bankrupt' [VIDEO]

Could France be the next target of bond vigilantes?  France is the second largest economy in Europe, and is experiencing some serious economic problems. John Mauldin talks about the European debt crisis, and focuses on France, which he thinks could be the next big problem for the Euro-Zone. He says that France is Spain now, and is basically bankrupt. France could act, but it will lead to riots like it did in Spain. France has too much debt and they are not dealing with it. In 20 years, Harvard will be doing a case study on what not to do in a crisis, and France will be a case study.

The video is embedded below: