几乎所有人都在担心法国目前的局势：该国公共财政状况堪忧，人们担心法国债券抛售以及日益严重的债务危机可能向欧洲其他地区蔓延。
Just about everyone is worried about what is going on in France right now: the country's public finances are in sorry shape and there are fears that the French bond selloff, and the country's growing debt crisis, might spillover into the rest of Europe.
此外，2027年大选也让投资者感到担忧：领先的两位候选人马琳·勒庞和让-吕克·梅朗雄被认为无法胜任平息法国财政动荡的任务。
On top of that, the 2027 elections have investors worried: The two leading candidates, Marine Le Pen and Jean-Luc Mélenchon, aren't seen to be up to the task of taming France's fiscal turmoil.
沙欣·瓦莱曾在埃马纽埃尔·马克龙担任经济部长期间以及其首次总统竞选期间担任其顾问。
Shahin Vallée was an advisor to Emmanuel Macron when he was an economic minister and during his first presidential election campaign.
此后，他一直密切关注法国局势——目前他是德国对外关系委员会的高级研究员，并向机构投资者提供咨询——他比大多数人更了解马克龙执政九年期间出了什么问题。
Since then, he's paid close attention to the situation in France — he is currently a senior fellow at the German Council of Foreign Relations and he advises institutional investors — and he understands, better than most, what went wrong during Macron's nine years in office.
今天，他向我们讲述了当前法国债务危机的根源，它与希腊在首次欧元危机期间面临的挑战有多么相似，以及2027年大选为何让本已不稳定的局势变得更糟。
Today, he speaks to us about the origins of the current French debt crisis, how similar it is to the challenges Greece faced during the first euro crisis, and why the 2027 elections are making an unstable situation even worse.