Loading ...I see what you mean about the ‘Core’..but symbolically it would be massive if France were to take down the Euro/EU……plus they will almost certainly print a solution…which just confirms a bullish PM view…
The other factor is that the ECB cannot bail out France by issuing debt, well not legally anyway, even though it does now issue debt, which buyers buy, knowing that legally nothing backs it…which any French crisis will bring into the open……
In short the EU /Euro only exist, so long as no-one looks to closely at what they are upto…..