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Because France is on the brink of economic abyss too

Summary by Vogon Today
French debt can spiral out of control as a result of political instability. And it can do it quite quickly. Extract from the Notes newsletter by Stefano Feltri DEBT CRISIS FOR FRANCE? The French are also worried about a paralysis of the economy due to a debt crisis: the evening before the decisive vote of no confidence in the Barnier government, the French in-depth programs discussed whether pensions can be paid in January even if it is not a…

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Lean Left

France now has the highest debt burden in the EU. Because of the government crisis, the markets are demanding higher risk premiums than for Greek bonds.

·Germany
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The international press is watching closely the announced fall of the Barnier government and acknowledge the “political stalemate” caused by the dissolution of the National Assembly in June. By fearing its budgetary and economic consequences for the second largest economy in Europe.

·Paris, France
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Rallo warns that France has a public deficit of 6%, doubling the 3% limit set by the EU and alerting Sánchez's maneuvers.

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Carlos Vinhas Pereira, president of the French-Portuguese Chamber of Commerce and Industry, analyzed the political crisis in France on CNN Prime Time. Michel Barnier's government was overthrown this Wednesday in parliament with 331 votes in favor of the extreme left's motion of censure.

·Portugal
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Le Monde broke the news in Paris, France on Tuesday, December 3, 2024.
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