France's Debt Gets Downgraded: Is France Becoming the Next Italy?

France debt...
Another revolution?

They've been stealing from Africa and now are kicked out due to BRICS....it's why they want war in ukraine cause they are mad they are broke. They had a good deal too 50% of the countries in bed with them natural resources and france will print thier money. i find your video really missed what's happening.

eventually you run out of other people's money

You know what would help? Digitisation like in Estonia, housing policy like in Vienna - that’s the way out of it! Best practices in politics - only one party thinks about this in the European election: @VoltEuropa !

Hey Pride boy, time to bust out your trendy and fabulous LGBT shirt that you rocked last June!

And now Europe should pay for the war in Ukrain? One billion per day? Whahahaha.

It became very noticeable that the western countries that are drowned in debts are the one pushing hard for WWIII to get out of their debt.

Meanwhile Macron wants a Full fledge war Against Russia. 🤣🤣🤣🤣

The Main Political Debate In france is to regulate Palestinian Protest. And tu regulate how Women should wear a piece on cloth on their head or not.

I am half-way into the video... I hope you assest the big elephant in the room which is the missmanagement of the olympic games

Some people in the comment section don't understand the root cause of the higher working hours and worse living standards. The aging society took away the total productivity within the country is one thing, the other thing is that the Chinese squeeze your country's share of the GDP around the globe. EG, in a hypothetical world, your country's GDP used to be 10% of the world's GDP, so you are rich, especially the way GDP is C+I+G+X where X is the export (when you export stuff, you add other countries' GDP into your country, whilst subtract other countries). Now your country barely makes 3% of the world's GDP, so you are no longer rich... Hence the way to solve the problem in the West could very simply be to "Force China to stop their state subsidies and stop artificially suppress Chinese wages, so Chinese people can consume the excess capacity internally whilst improving the livelihood of Chinese" But China decided to just flood the market and bankrupt your company then steal your GDP by making your country deficit in trade.

Macron could put up a suggested package for taxation on certain businesses and wealthy that could give 60 billion per year (half of the deficit). But he doesn't want to frustrate his friends.

Anyway, the ridiculous bureaucracy is hurting bith the State and the economy. Cuts to it are urgently needed.

Tax fraud can be measured in tens of billions

The poor and lower median are taxed way too much. Thus they get poorer or stay poor and spend less, leading to less growth.

Macron should stop thinking about reaching 3% in 2027. It just can't be done. Deep changes that will make the deficit worse in the short term (tax cuts, deregulations in some places, more regulations/taxes in others, infrastructure expansion, housing expansion and services restoration) are the only way to see a surplus in a reasonable and not uncomfortable time.

I remember people warning France of this ten years ago. Its finances were already looking like they were going the way of its Latin European brothers and Greece.

you forgot to mention he doesn't care cause he cannot be reelected a 3rd time in a row AND the money he's still currently giving to the rich (through cice and suppressed taxes)

This is fear mongering. France won't fail just like how Europe won't fail. If we do then that means the whole world has fallen.

To me it looks more like the high budget spending is due to the aftershocks of Covid. In 2018-19, was below the 3% level and seem stable compared to the previous years, then in 2020 it spiked due to Covid spending, and in 2021-23 it started reducing but it still remained higher than before Covid as more spending was allocated to social services and it may be hard to reduce it all at once.

it's hard to get growth when France ditch his private industrial sector and let it relocate freely elsewhere which got rid of so much jobs that it'll cost way more to get it back up, or selling assets that shouldn't have been, too much social policies that cost xay too much, acceptance of illegal immigration that has a cost too, acceptance of unfair trade deal within and outside EU. Many makes it almost sure to hit hard on the franch economy, and they're not the only ones in the EU that are getting less from it

Matthew 24
6 You will hear of wars and rumors of wars, but see to it that you are not alarmed. Such things must happen, but the end is still to come. 7 Nation will rise against nation, and kingdom against kingdom. There will be famines and earthquakes in various places. 8 All these are the beginning of birth pains.

This is not an issue I guess.

All 3 agencies are from the U.S. and all are politically motivated and biased. We should start buying oil in other reserve currencies and trade with China in Yuan/Euro transactions.

Tip: Show the chart of new debt v GDP growth and you will see what happened. Most EU countries took up debt to spend as GDP. A very cheap trick but with brutal consequences. Italy has bought 8% debt to buy itself 0.9% GDP, which pathetic. The reckoning will be terrible for all those EU countries which faked growth through increased debt.

Some TLDR titles, such as this, are hyperbolic clickbait, bordering on hysteria. As of early Monday, the two right-wing parties have gained a total of 13-15 seats (~2% gain) out of a total of 720.

L'an khul 2024

France used to fight against Nazism - now Macron's France is fighting FOR Nazism in Ukraine.

Spending more than what you make is unsustainable, a kid knows this. If you got good savings, access to good credit you can last way more but at the end France is another Latin-Catholic country going downhill as all such countries some abruptly some in a soft slope.

But how will you afford subsidies to the hand craft cheese makers...

France nabbed most of Britain's inward investment after brexit and have high productivity from a highly trained workforce but way higher spending on pensions, benefits, Industrial strategy and public services

That why Macron wants war with Russia. France is also losing Francafrique to Russians and Chinese.

Did us is 95% of gdp in dept?

Controlling French west and Central African economies and still being in debt is crazy 😂

Macron, Melanchon the left in general are murderer, they muredered they own people and they want to replace them
The debt is skyhigh with this "finance's genius"

French people dont talk about budget deficit ot govt debt, because they have no clue about it, they simply lack the knowledge to understand it.

Au revoir, Macron. Bonjour, Marie Le Pen and Jordan Bordella!

People's of France have to understand Olympics tournaments is coming.

Most Europeans have no clue as to their respective country's true economic situation.

French hopes German taxpayer bails them out?! NO to Eurobonds!

I have tried to lift France out the mud, But she will return to her errors and vomitings, one cannot prevent the French for being French.:- Charles De Gaulle

I never thought Marine la penn is ever going to be the President.
But I also Knew, the tide of the failures to address key issues of the day by the French Establishment, is going to get so heavy that eventually that will lead to Marion Marachel La Penn.

Things always seem to go really bad before it starts to get good in France.

But the moment of truth seems to have arrived faster than expected. The desire for change has begun in France.

France, Germany, Austria, Italy, Greece, Netherlands, Sweden, Poland, Belarus, Serbia, Ukraine, Belgium and Spain will follow suit.

And May be UK will get sucked in too.

Macron started as a Left then moved to the Centre to win elections and become President, Tried his technocratic Centrist policies and failed, but also realised The Right is actually Right so he kept on moving to the Right, and people saw through it, that they might oppose Marine la penn but her policies and assessment are actually right (mainly about immigration and religion of Peace).

There is nothing Macron can do to save his presidency.

Macron is going to end up in a Think Tank job in New York or Washington or WEF board member or some sort of special envoy to Middle East pretty much like Tony Blair.

Emmanuelle macron is more suitable for that, than being the President of France.

The French people should have never trusted someone who cares more about "His Career, After his Political Life" than about the people who he governs.

Ever since Tony Blair and Barack Obama there has been an epidemic of politicians who care more about thier "political Afterlife" than thier own country. Hence they do what suits thier career and not what suits the larger population. "Hence we get Populism".

Macron still doesn't do a lot of hard work that Marine la penn did. Macron ended up in the position because of spectacular failures of Francois Hollande and Sarkozy who were detached from any sort political reality and cared more about thier mistresses.

I remember John Oliver doing segments fawning over Francois Hollande. After the failure of Hollande, John Oliver never did a segment about how Francois Hollande had an approval rating of 3 percent and had to step away from elections out of embarrassment.

But if you ask any ordinary french people about Francois Hollande they'll tell you he was a terribly unserious president.

Obviously The Academic Left, The Online Left, and The Media left wing will tell you that Francois Hollande was never left wing and did what left always does that is, shed thier skin like a snake, and casually move the goal post and say he's not Left Wing because he's not Left enough.

That's the difference between Elite people' opinion and Ordinary people' opinion.

Macron should have been released from the presidency of France long time ago, so that he can go to work in a think tank in New York or Washington and have sex with Grandmas in Epstein Island (or whatever he likes to do). Emmanuelle macron is more suitable for that, than being the president of France.

There is nothing macron can do to save his presidency.

Ursula von der layen is also going to be "gone" in two years and then end up in a think tank in New York or Washington, which is where she has more in common with, unlike the average voter in Germany, whom she despises, same can be said about Olaf Scholz and Macron. (Tony Blair model)

In last few years France lost neo colonial empire in North Africa so in last few years they don’t have access to cheap looted resources from North Africa

All them migrants u av to look after,thank god uk got out of the eu

After the Olympics 2024, things will get pretty revolutionary.

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I'm German

the debts of South Europe were always a problem - the Eurocrisis never ended - the ECB printed money to "hide " the crisis but it is still there and even worse than during the Greek crisis

Yeah, France is the new basket case in europe.

When you run a socialist economics policy, eventually revenue runs out and you and up running huge dept and deficits, Then you have to increase taxes and cut back on welfare handouts and the people get pissed

And now it's downgraded further

The next Italy? You mean the next uk. Italy is doing better than both 🤣🤣🤣🤣