Germany and France are in crisis – is the next global financial crash brewing? | Larry Elliott

The economy has contracted for the past two months and inflation is proving hard to shift.

In Germany and France , support is growing for parties of the hard right and the hard left.

A crisis that affected countries on the periphery of the 20 -nation eurozone 15 years ago has now worked its way to the core of the single currency zone.

The idea of more Europe ’ has been tried indeed, it has been tested almost to the point of destruction.

Voters are deserting mainstream parties in their droves.

It may be time to try a little less Europe before it is too late, says Larry Elliott .