Thread 215050920

is france's economic situation really that horrible?
why are all the major newspapers suddenly making a fuss about the french economy being worse than italy and other southern european countries?

>>215050920 (OP)
How can their economy be in ruins? Isn't immigration mean to be good for the economy?

>>215050920 (OP)
They are sick of Arab and African immigrants. They feel a great economic burden from providing welfare to immigrants from the third world.

>>215050991
Of course, it’s definitely le arabs and blacks ruining everything, not because francois spent 20 years napping in a café with a croissant in hand

>>215050920 (OP)
its not inherently that terrible.
Its horrible because those shitty politicians, will never address the pension issues in this country and that the country is being held hostage by this generation of sons of bitches that are the boomers.

>>215051443
Sad

>>215051443
insane
my grandma struggles to pay her bill, and she's been a nurse for her all life
some boomer must have crazy paychecks

>>215050920 (OP)
>why
anti italian discrimination

>>215050920 (OP)
Some of our politicians are OBSESSED by the ""debt"". They're wealthy as fuck and will never suffer but they are genuinely concerned about it. So they spam how horrible it is, how dramatic the situation is and so on. They scream about it so much that now, it affects the markets. Boomers really are fragile lil creatures.

>>215051443
that's basically every western country. our pensions will go up by something like 4.7% next year due to triple lock

everyone is coming to terms with the fact we're held hostage by boomers and this is globally unsustainable, we're falling apart first because we have extra socialist bullshit to prop up our spending

>>215050920 (OP)
Not really. Only there's a discrepancy between what should be done and what the government wants to do. There should be fairer taxation, just that to begin with, but the government keeps squeezing the working class dry which goes against everything the international economic agencies suggest. Add to that the political uncertainty and we're in the situation where we're struggling.
But we're not that poor, we can still give gibs, hospitals are still running, roads are still maintained... France is like a neural system with Paris at its core, there's a cancer in Paris but all the limbs and neural endings are mostly intact.
Right now we're going to shit if we keep going this direction. First of all things we should tax the megabillioniares at like 0.01% or something, but the government adamantly refuses.

>>215050920 (OP)
The economy is not that bad, it's stagnating as usual.
These news are coming because of the debt situation. France has an unsustainable deficit, and they cannot pass a budget that would turn it around.
The issue is political, multiple governments have tried to balance the budget, and it always lead to the collapse of the government. The opposition is i the majority, and they want even more spending.

>>215054398
The issue is that most countries in the eurozone like France were being propped up by ECB's helicopter money since 2013 when the monetary policy was ZIRP/NIRP. This policy kept debt interest very low/zero and even bonds with a positive interest was being held by the central bank which paid significant remittances back to the issuer.
This artificial circus made countries go overboard with their fiscals. When ecb/fed etc did the pivot back to higher rates after covid, reality started hitting back at them.

>>215054621
Agreed, that is one of the underlying root causes. There are other causes too though.
It's so ironic they all shit on Greece for spending like mad when they got lower interst rates, but they literally did the same when Euro interest rates went to 0.
And this went on for so long the people got used to it, and now they won't accept a balanced budget, and they'll riot if the debt financed gibs go away.