Berenberg Warns of Real Global Fiscal Crisis Risk, US and France Most Exposed

Berenberg warns that the risk of a global public debt crisis is real, though it expects manageable regional mini-crises by 2027 rather than a catastrophic global event. The US and France are flagged as most vulnerable, with the US potentially facing a fiscal crisis within five years and the ECB unlikely to rescue France absent sustainable fiscal policies. This reflects growing market concern over sovereign debt sustainability in major economies.