Some people in Germany say that France, your home country, is the biggest risk for the Monetary Union. I would certainly not call France a risk in terms of financial stability. The French financial and banking system is resilient. There is currently no danger whatsoever that the country may lose access to financial markets.
The problem is that growth could remain weak if reforms are not taken forward. Companies have to increase their competitiveness and the government has to get the budget under control by cutting public spending. 2  BIS central bankers’ speeches