For a long time, I thought of France as one of the richest countries in the world, in the same league as countries like America, Switzerland, Norway, UAE etc. until just sometime back I read a report stating they may need an IMF bailout.
Apparently since then, the bond yields rose (signaling investor distrust), their people caught rioting in Paris and they have been changing prime minister faster than Britney Spears changed husbands when she was still sexy.
So does this political instability have anything to do with the economy? Is the economy the root cause, and will further political instability have any tangible economic impact (such as France being kicked off the list of developed countries, demoted to the levels of like Mexico or Malaysia)? Or is it just politics and nothing to do with the economy?