Opinion NewsletterJohn Authers, Columnist

Out of France, a Tale of Two Clichés

The sick man of Europe who’s too big to fail.

October 7, 2025 at 4:19 AM UTCBy John AuthersJohn Authers is a senior editor for markets and Bloomberg Opinion columnist. A former chief markets commentator at the Financial Times, he is author of “The Fearful Rise of Markets.”FacebookXLinkedInEmailLinkGiftExpand

Overtaking Italy.

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Politics doesn’t matter to markets, until it does. The last few days have brought political shocks severe enough to shake some of the deepest-held investment assumptions. The conclusions are concerning.

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