France offers a crucial lesson for every advanced economy tempted to confuse the size of the state with economic strength. A generous welfare system, high taxation...
On 19 September, the French Ministry of Finance published new public finance estimates for 2026 and 2027. Public debt is expected to reach 119.3 per cent...
A write-off is not a gift. It is the official recognition that the issuer cannot pay. Jean-Luc Mélenchon has found the perfect campaign promise, one that...
In their seminal 2009 book, Kenneth Rogoff and Carmen M. Reinhart showed that, in confronting sovereign-debt crises, the four most dangerous words one can utter...
The government of François Bayrou collapsed yesterday in Paris. It received 194 votes in its favour in the National Assembly, while 364 MPs voted against...
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