Does France believe that the rest of the Eurozone will bail them out via an ECB intervention or by issuing Eurobonds?

France has had three Prime Ministers this year. Michel Barnier lost a vote of no confidence just four months into his premiership after proposing spending cuts. Francois Bayrou lasted a bit longer, but he too lost a vote of no confidence over pension reform.

Macron then appointed Sebatien Lecornu, who resigned after 27 days when he realised he couldn't get his budget through. Macron then reappointed him - and Lecornu announced he was shelving pension reform to get the budget through. This was clearly a condition for him accepting the job a second time.

This is a great victory for the far-left and far-right who between them represent the majority of French voters. And those voters are adamant that there must be no pension reform.

Yet France is in serious trouble. Take a look at the following chart. On the left is French GDP as a percentage of Eurozone GDP; on the right is French debt as a percentage of eurozone debt:

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In absolute numbers, French debt is the highest in Europe. And they're running a budget deficit of nearly 6% of GDP.

Surely any voter looking at the above charts would be alarmed. The Italians swallowed bitter spending cuts and are running a primary surplus. Then again, the Italians have never defaulted on their debt, they even paid their war debts unlike the Germans. They are a pragmatic people.

French citizens on the other hand are gambling that they'll be bailed out "because they're France" in Juncker's famous words. After all the EU has always given them a pass for budget deficits even while they came down hard against other countries.

Are they wrong?