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Financial Risk Comparison
🇫🇷 France vs 🇪🇸 Spain
SIGMA Engine Systemic Risk Analysis · 2026
🇫🇷
France
63.1
accumulation
Kairos 27.0d·EU
🇪🇸
Spain
60.1
accumulation
Kairos 28.8d·EU
SIGMA Verdict
Spain presents lower systemic risk at SIGMA 60.1 vs France at 63.1 — a 3.0-point spread. France's primary risk driver is Sovereign/Fiscal. The Kairos temporal window suggests France 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, Spain shows lower systemic risk at 60.1/100. 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 3.0-point SIGMA spread reflects divergent risk trajectories. France's elevated regime is driven by Sovereign/Fiscal pressure at 68/100.
Related Comparisons
Full France–Spain analysis: entity-level SIGMA, contagion paths, Phantom scenarios.
Daily brief · Kairos window · Early warning signals
Access Full Comparison →