France and the Euro: FROGS Is the Name of the Latest EU Debt Crisis

You know it’s a European debt crisis when it has an acronym. This time it’s not a group of countries in serious trouble, the famous PIIGS of Portugal, Ireland, Italy, Greece and Spain. Instead it’s France alone being singled out with FROGS, which stands for French Oversized Government and Social Security (blame Parisian research firm Rexecode for that one).