According to current calculations, the budget deficit in the first half of the year is significantly higher than originally planned. AdvertisementTuesday marked another low point for European fiscal stability. France, a cornerstone of the euro system, confirmed once again that it remains a leading candidate and potential trigger for a future euro financial crisis. Not included are the gaps in the social security system, municipalities and regions, which account for an additional significant share of France’s overall deficit. We are witnessing the first signs of a new euro debt crisis emerging on the horizon.