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Financial Risk Comparison

🇫🇷 France vs 🇪🇸 Spain

SIGMA Engine Systemic Risk Analysis · 2026

🇫🇷
France
48.9
accumulation
Kairos 30.4d·EU
🇪🇸
Spain
49.3
accumulation
Kairos 30.4d·EU
SIGMA Verdict

France presents lower systemic risk at SIGMA 48.9 vs Spain at 49.3 — a 0.4-point spread. Spain's primary risk driver is Political Risk. The Kairos temporal window suggests Spain has the more immediate risk horizon.

Risk Dimensions
🇫🇷 France
🇪🇸 Spain
Sovereign/Fiscalsafer →
68
58
Banking Stress← safer
52
55
Currency Risk← safer
32
33
Political Risk← safer
55
62
Contagion Risksafer →
65
62
🇫🇷 France
Biggest Risk
Sovereign/Fiscal
68/100
Strongest Shield
Currency Risk
32/100
🇪🇸 Spain
Biggest Risk
Political Risk
62/100
Strongest Shield
Currency Risk
33/100
Frequently Asked
Is France safer than Spain for institutional investors?
Based on SIGMA Engine v5.0 analysis, France shows lower systemic risk at 48.9/100. However, risk profiles differ: France has strongest exposure in Sovereign/Fiscal while Spain is most stressed in Political Risk.
What drives the SIGMA score difference between France and Spain?
The 0.4-point SIGMA spread reflects divergent risk trajectories. Spain's elevated regime is driven by Political Risk pressure at 62/100.

Full FranceSpain analysis: entity-level SIGMA, contagion paths, Phantom scenarios.

Daily brief · Kairos window · Early warning signals

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