It doesn't necessarily mean what you think it means, even if you throw in the word "totally" for good measure.

France 'totally bankrupt', says labour minister Michel Sapin

Can be, for example, either financial or moral in nature.

Can be part of a plan of reorganization in which creditors get most, if not all, of their debts paid, their money back.

Can be the end or a new beginning.

Or can be nothing but the worst possible development, without the slightest hope for redemption.

Or, as the current administration in Washington has shown, it can be an opening to use corruption of established law - and creditor priorities - to favor friends and punish those thought to be enemies, to subvert the Rule of Law.

So many possibilities.

No doubt France, and Europe in general, will find some more . . .

None of them likely to be good.

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