The decline of France continues unabated.
It seems unlikely that France will have a 2025 budget…A provisional budget, likely mirroring the 2024 budget, will probably be implemented….The public deficit is expected to exceed 6% of GDP in 2024. The Barnier government had hoped to reduce it to 5% by 2025, but without a budget voted for in 2025, this target will not be met. The provisional budget will be slightly restrictive, as tax scales will not be adjusted for inflation, but will not contain any real savings measures.
The 10y yield spread of French government bonds over their German peers widened to 88bp on Monday.
What do France and Canada have in common? The French are running both countries into the ground.
Alberta’s debt/GDP is around the same as Quebec’s.
That’s because Alberta gives Quebec billions and billions of dollars every year. Quebecers are takers not givers.
Wise statement unme Jesus Christ there are are some stupid fks around
If the EU had followed the traditional protocol of letting the party that got the most votes form the government, this kind of stuff wouldn’t happen, but unfortunately for the EU, the anti-war anti-globalist parties keep getting the most votes.
“Far right” = anti-globalist. If you oppose globalism, you are “far right” even if your economics would make Lenin blush.
Martial law in France coming up
The EU is rapidly running out of other people’s money … i.e. Germany’s and France’s money. The EU is on a month-to-month death watch.
My advice? Italy! Get OUT NOW!! Resurrect the Lira
Non confidence motion coming in an hour or so. Not expected to get the result wanted by the government!