The next big eurozone panic could be over France

There’s something missing from the eurozone crisis. By now, we’re all getting very used to hearing about Greece, Italy and Spain’s problems. We also hear plenty about how irritated the German establishment is with its feckless neighbours. But France – the second-biggest power in the eurozone - has been keeping a surprisingly low profile. Since the presidential election in the late spring it has fallen from the headlines. Those who expected new President François Hollande to pick a fight over austerity measures have been disappointed. Indeed, some have described his budget – which was announced on Friday – as the “toughest in decades”.