French companies in particular have been aggressive in using the ECB’s easy-money policies to snap up foreign competitors and to expand overseas, fleeing anemic growth and high taxes at home. French corporate indebtedness has risen so quickly it has drawn the eye of wary regulators.
https://www.wsj.com/articles/france-goes-on-deal-spree-thanks-to-ecb-easy-money-11558431001?mod=article_inline
