Free Republic

While Chancellor Friedrich Merz’s government is catapulting Germany into a debt spiral, long-struggling Argentina has begun paying down its liabilities. President Javier Milei is holding up a mirror to Berlin’s debt-addicted political class -- and the reflection is one of unmistakable failure. It took Argentina’s President Milei barely six months, right in the middle of the severe economic crisis he inherited from his socialist predecessors, to clean up a completely ruined public budget. That was in June of last year. This week, the Finance Ministry in Buenos Aires reported something that, in Germany today, would probably be dismissed as fiscal...

France’s government has collapsed -- again. With the resignation of Prime Minister Sébastien Lecornu, the fragility of European politics is once more on full display. Trapped between party deadlock, eco-socialist dogma, and a reform-weary public, France offers the blueprint for what could soon become the next Eurozone crisis. After Lecornu’s abrupt resignation Monday morning -- just hours after being sworn in -- President Emmanuel Macron must once again find a new head of government. By now, Macron is well-practiced at this ritual: this marks his third attempt in a single year to form a stable cabinet. Only a month earlier,...