The new sick man of Europe: Could France trigger a new sovereign debt crisis?

French bond yields are surging as the country’s political deadlock over its debt shows no sign of abating The euro has plummeted to a 17-month low against the dollar as investors punish the single currency, largely over France’s intractable debt problem. Once relegated to the Eurozone’s periphery, sovereign debt risk has progressively moved toward the center of the monetary union, now reaching Fr…