Posted on 12/12/2025 4:51:21 AM PST by MtnClimber
What is now unfolding in France may soon drag the entire Eurozone into deep turmoil. The country is staggering through a fiscal crisis while locked in a political stalemate that seems impossible to break. In the bond market, the clock is ticking loudly as France’s public debt spirals out of control.
This week, Prime Minister Sébastien Lecornu celebrated a textbook Pyrrhic victory. On Tuesday, the National Assembly narrowly approved his draft for next year’s social budget. But the win came at a steep price: sweeping concessions that will only worsen an already explosive fiscal situation.
Strange coalitions
With 247 votes in favor, 234 against, and 93 abstentions, the Assembly passed a plan projecting a €20 billion deficit in the social budget -- significantly worse than the originally planned €17 billion. Marine Le Pen’s party and the far-Left bloc around Jean-Luc Mélenchon both rejected the proposal.
It is surreal: political gridlock has driven France into a place where the far-Left and the Right vote together -- and collectively push the government toward collapse. For President Emmanuel Macron, this could soon mean assembling yet another fragile government, as there is no indication France can lift itself out of its catastrophic stalemate.
The bill now moves to the Senate, where the governing coalition holds a majority. It will likely pass without major obstruction. On December 23rd, the Senate begins negotiations for the 2026 budget. It may provide drama, but no one seriously expects the political blockade to change.
Pension reform on ice -- permanent reform paralysis
Lecornu was forced to freeze the planned pension reform, which would have raised the retirement age from 62 to 64. Instead, France will raise it only to 62 years and nine months. The country maintains the largest social budget in the EU while keeping one of the lowest retirement
(Excerpt) Read more at americanthinker.com ...
Paying for all of the nonworking migrants can’t help matters much.
The perfect setting for a very bloody revolution? I think this happend 250 years ago? and everything was supposed to be settled forever between the people and the government.
Except that this time the Jacobins are in the government.
Why has USD fallen so much compared to euro since beginning of 2025?
I have a question about all these “public debt crises” (including ours).
Since these debts are not depleting gold reserves, and since they are covered by printing pretty little slips of paper or by punching keys on a keyboard, sending electrons from one place to another, who cares?
The EuroTrash have been sucking off America’s teat for 80 years. The gravy train is over, the milk carton has run dry.
Now they don’t know how to continue supporting their very generous bloated social network without American subsidies (USA Defense and American free markets).
Die MOfo’s, die!
1 EUR ≈ 1.17 USD DuckDuckGo
“who cares?”
If the bank pays 4% and the stores raise prices by 6%, savers lose 2% a year.
20 billion deficit?
That’s chicken feed compared to our 2 trillion.
It is hard to reform any institution, as there are too many people who benefit from the status quo.
Since anyone can create money by swiping or tapping a little piece of plastic, I would bet money that “savers” are going to get screwed, both short and long term.
Interesting. Thanks for posting.
As long as France continues to ban the nationalist like Marine Le Pen from running for office, there will be no reform in France. People in France need to get angry.
France is a failed state.
At my Grandson’s Bris last night, the Conservative Rabbi who was raised in both Belgium and Israel, but has lived in Texas now for over 40 years, agreed that if he or I walked through the ubiquitous muslim quarter of any medium small French town, we would be beat to death on sight.
* wearing a kippah and Magen David
Who runs the streets?
In Paris and London and Portland and Berlin and San Fran and New York, it is people who would beat me to death for wearing a kippah and a Magen David.
That’s who is in charge. Already. Today.
There is only one asset that beats the rate of inflation over long periods of time.
🤣🤣🤣🤣🤣🤣🤣🤣😗😗😗🤣😗😗
How’s that Socialism working out for you people in France?
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