France’s debt has reached a report €3.228 trillion, amounting to 112 % of GDP. That’s properly above the cap set by EU guidelines. After all, France isn’t the one member state to have racked up debt through the Covid pandemic and the vitality disaster. A number of nations have been reprimanded by the European Fee for breaking finances guidelines. However as a result of the French financial system is certainly one of Europe’s largest, France’s EU companions are watching the state of affairs nervously. So how and the place ought to the nation make financial savings? On this debate with two MEPs, we draw on the experiences of different nations, together with the “frugal” Netherlands.
French public debt reaches report excessive: Is France the sick man of Europe?
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