Les Echos this morning published a note on the debt.
next book by Jacques Attali "All ruined" talk in more details of this thorny issue. Recommended reading!
See also Paul Krugman on the same subject, if I m not share his vision may seem to defend the need for inflation to get rid of debt. Reduce its debt by inflation returns to defraud the borrower - certainly more "softly" in repudiating its debt, but with similar consequences in the long term (loss of credibility) ... The only solutions virtuous and effective in achieving a reasonable debt are either never reach an unreasonable level of debt or reduce its debt by means of "honest" - ie reducing the deficit ...
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