France’s debt has reached a document €3.228 trillion, amounting to 112 % of GDP. That is nicely above the cap set by EU guidelines. Of course, France is not the one member state to have racked up debt through the Covid pandemic and the vitality disaster. Several international locations have been reprimanded by the European Commission for breaking finances guidelines. But as a result of the French economic system is one among Europe’s largest, France’s EU companions are watching the scenario nervously. So how and the place ought to the nation make financial savings? In this debate with two MEPs, we draw on the experiences of different international locations, together with the “frugal” Netherlands.
https://www.france24.com/en/tv-shows/talking-europe/20241011-french-public-debt-reaches-record-high-is-france-the-sick-man-of-europe