Browsing: French politics

“Rather, the entire political elite must ask itself whether it has grasped the seriousness of the situation. France is sitting on Europe’s highest mountain of debt and needs to make cutbacks in order to preserve some budgetary leeway and not gamble away the dented confidence of rating agencies and bond markets. There has been no shortage of warning shots. And one thing is also clear: in the coming months, France’s ability to act will be even more limited than it already is. This is bad news for Europe, which should actually be worrying about other things in view of the geopolitical challenges.”

France’s Financial Struggles Deepen Amid Political Tensions What is happening in France? Well the simple answer is France is broke!…

“Barnier’s cabinet is likely to reassure the business world. … First in terms of method: the prime minister is consulting experts widely and has undertaken to continue doing so in preparation for his government policy statement. This marks the beginning of a culture of compromise that is quite foreign to France. And secondly in the choice of personnel: there are few or no big names in this team, but the ministers are experts in their fields and will be careful not to break with the dynamic created over the past seven years. … With the cast, the method and the direction now set, the 2025 budget will be the acid test.”