John Mauldin

John Mauldin discusses concerns about France’s financial sector; he thinks that France could be the next problem country for the Euro. John Mauldin says that France is headed for a banking crisis. He was in Cyprus before the original bailout was proposed and already saw problems in the small nation Island.  He notes that French banks are way over-levered and have a much bigger global footprint than even US banks. Mauldin says the test for the Euro will be France, not Italy, Spain or any of the other countries. Recently, Kyle Bass said France is the next problem country in the Euro zone. Wilbur Ross called France the sick man of Europe. The Mauldin interview is embedded below: