It’s time for the French to transfer their debt to the European debt./s
Hive-Mind4085 on
Don’t worry fellow Europeans! We need to just work harder and longer to finance the welfare payments for the 20 year old Arabs and their 30 children!
Just make sure you get that extra over time in like a good wagey. Don’t expect to own your own home though in your life time!
UpgradedSiera6666 on
So France’s GDP is around $3.6 Trillions and have Governement debt of around $4 Trillions.
The question is what kind of Debt do they have also in which holding capacities?
Also I was shocked to learn on Blommberg that The successive Governement of the Macron 2nd term mandate have given close to $250 Billions in Subsidies to private companies with no oversight whatsoever and that some of these companies were glad to take the money and still close factories in France to instal them elswhere.
Utstein on
France last had a budget surplus in 1974…..
BadBadGrades on
Why don’t they just make more money?
Wild-Yesterday-6666 on
Fellow non french europeans. Can we kick those frog eating debtors out of the EU? I mean, they will 100% force the more frugal countries to pay for it in a greek debt crisis times 10, we ought to get ahead while we can.
Ok_Access4000 on
Good old Reaganomics still not working 40 years later. Maybe we should just give the rich more tax cuts ? Maybe we just didn’t try hard enough ?
Worth-Wonder-7386 on
This is a systemic issue in France and thile other countires have done changes to reduce government spending such as raising the retirement age or similar these cuts are met with violent protests in France.
So people dont want cuts to spending and the taxes are already quite high.
So independently of who is in charge, as long as budget cuts are not possible to get elected on, the issue will get bigger and the debt will become larger and needs to be payed off as well.
Klinker1234 on
Wealth tax.
There fixed it, solved the conundrum.
proEuropean on
Neoliberal Macron worked so well for FR. But RN will make it even worse gg France
AttitudeSimilar9347 on
It is said that in the hour of France’s greatest need, Napoleon will return. He is needed now more than ever.
Suitable_You_6237 on
man everyone is in debt, someone somewhere is very happy
Quotenbanane on
It’s fine guys, France has nuclear reactors 👍🏼
AdMean6001 on
Luckily we don’t pay in “$”
EquipmentAdorable982 on
The “funny” thing about France is that Macron always finds a way to never be pressured no matter what happens in the country.
He’s been a neoliberal wolf in sheep’s clothing from day one, and the wealth disparity keeps growing in France, just like the national debt.
dat_9600gt_user on
**Figures from the INSEE statistics agency show Lecornu, the former defense minister, now faces a debt that amounted to 115.6% of France’s gross domestic product in the second quarter.**
Le Monde with AFP
France’s public debt has ballooned to a record €3.4 trillion ($4 trillion), official data showed on Thursday, September 25, piling pressure on new Prime Minister Sébastien Lecornu as he confronts protests and political turmoil. Lecornu was appointed by President Emmanuel Macron earlier this month to succeed François Bayrou, who was ousted by Parliament in a fight over his austerity budget after just nine months on the job.
Figures from the INSEE statistics agency show Lecornu, the former defense minister, now faces a debt that amounted to 115.6% of France’s gross domestic product in the second quarter. The debt is up from €3.3 trillion in March, which was equivalent to 113.9% of GDP. Lecornu has yet to form a new government and must deliver a budget proposal to Parliament by mid-October.
Unions have announced fresh demonstrations for October 2 after hundreds of thousands of people protested across France last week over Macron’s austerity plans. Lecornu, Macron’s seventh head of government since 2017, has vowed a break from the past in a bid to defuse the political crisis.
He has tried to calm anger by promising to abolish life-long privileges for former prime ministers and Bayrou’s plan to scrap two public holidays. Bayrou had proposed a series of measures he said would save €44 billion to curb France’s high debt.
SendMeGamerTwunkAbs on
That’s just the right winning for the past 30 years. The rich are richer and they will continue getting richer when we go even further right as everything that makes France great gets further dismantled.
Their policies are working exactly as intended.
Iapetus404 on
lol…..
Lazy French…drink coffee and wine all day and dont work!
France can sell Eiffel tower…..like they proposed Greece to sell Parthenon 10 years ago.
Bayesian_pandas on
Well guess who will root for Eurobonds so that financially austere countries can once again bail out the losers..
Negritis on
debt by itself is not necessarily a bad thing, but when you get into debt for taxcuts for the rich its not a good thing
but hey, you can keep the taxcuts and just let the country burn when you throw away the welfare state
SheriffHarryBawls on
The important thing is that there is always more $$$ for war
23 commenti
Why does France have so much debt?
not a welcome gift of any PM wants
It’s time for the French to transfer their debt to the European debt./s
Don’t worry fellow Europeans! We need to just work harder and longer to finance the welfare payments for the 20 year old Arabs and their 30 children!
Just make sure you get that extra over time in like a good wagey. Don’t expect to own your own home though in your life time!
So France’s GDP is around $3.6 Trillions and have Governement debt of around $4 Trillions.
The question is what kind of Debt do they have also in which holding capacities?
Also I was shocked to learn on Blommberg that The successive Governement of the Macron 2nd term mandate have given close to $250 Billions in Subsidies to private companies with no oversight whatsoever and that some of these companies were glad to take the money and still close factories in France to instal them elswhere.
France last had a budget surplus in 1974…..
Why don’t they just make more money?
Fellow non french europeans. Can we kick those frog eating debtors out of the EU? I mean, they will 100% force the more frugal countries to pay for it in a greek debt crisis times 10, we ought to get ahead while we can.
Good old Reaganomics still not working 40 years later. Maybe we should just give the rich more tax cuts ? Maybe we just didn’t try hard enough ?
This is a systemic issue in France and thile other countires have done changes to reduce government spending such as raising the retirement age or similar these cuts are met with violent protests in France.
So people dont want cuts to spending and the taxes are already quite high.
So independently of who is in charge, as long as budget cuts are not possible to get elected on, the issue will get bigger and the debt will become larger and needs to be payed off as well.
Wealth tax.
There fixed it, solved the conundrum.
Neoliberal Macron worked so well for FR. But RN will make it even worse gg France
It is said that in the hour of France’s greatest need, Napoleon will return. He is needed now more than ever.
man everyone is in debt, someone somewhere is very happy
It’s fine guys, France has nuclear reactors 👍🏼
Luckily we don’t pay in “$”
The “funny” thing about France is that Macron always finds a way to never be pressured no matter what happens in the country.
He’s been a neoliberal wolf in sheep’s clothing from day one, and the wealth disparity keeps growing in France, just like the national debt.
**Figures from the INSEE statistics agency show Lecornu, the former defense minister, now faces a debt that amounted to 115.6% of France’s gross domestic product in the second quarter.**
Le Monde with AFP
France’s public debt has ballooned to a record €3.4 trillion ($4 trillion), official data showed on Thursday, September 25, piling pressure on new Prime Minister Sébastien Lecornu as he confronts protests and political turmoil. Lecornu was appointed by President Emmanuel Macron earlier this month to succeed François Bayrou, who was ousted by Parliament in a fight over his austerity budget after just nine months on the job.
Figures from the INSEE statistics agency show Lecornu, the former defense minister, now faces a debt that amounted to 115.6% of France’s gross domestic product in the second quarter. The debt is up from €3.3 trillion in March, which was equivalent to 113.9% of GDP. Lecornu has yet to form a new government and must deliver a budget proposal to Parliament by mid-October.
Unions have announced fresh demonstrations for October 2 after hundreds of thousands of people protested across France last week over Macron’s austerity plans. Lecornu, Macron’s seventh head of government since 2017, has vowed a break from the past in a bid to defuse the political crisis.
He has tried to calm anger by promising to abolish life-long privileges for former prime ministers and Bayrou’s plan to scrap two public holidays. Bayrou had proposed a series of measures he said would save €44 billion to curb France’s high debt.
That’s just the right winning for the past 30 years. The rich are richer and they will continue getting richer when we go even further right as everything that makes France great gets further dismantled.
Their policies are working exactly as intended.
lol…..
Lazy French…drink coffee and wine all day and dont work!
France can sell Eiffel tower…..like they proposed Greece to sell Parthenon 10 years ago.
Well guess who will root for Eurobonds so that financially austere countries can once again bail out the losers..
debt by itself is not necessarily a bad thing, but when you get into debt for taxcuts for the rich its not a good thing
but hey, you can keep the taxcuts and just let the country burn when you throw away the welfare state
The important thing is that there is always more $$$ for war