Franklin Templeton, head of fixed income investment, warned that if French bonds continue to be sold off, it may escalate into a Eurozone debt crisis. Once this happens, the severity may exceed the European debt crisis that occurred nearly ten years ago. Franklin Templeton's global chief investment officer for fixed income Sonal Desai said, “I don't think anyone is really ready for the European debt crisis version 2.0. If this crisis does break out, the situation could be much worse.”

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