Drowning in €3.5 trillion of debt, France faces a new revolution
When France celebrates its national holiday today, it will look much the same as always.
When France celebrates its national holiday today, it will look much the same as always.
While American and Israeli jets were bombing Tehran last Monday, French President Emmanuel Macron stood before nuclear submarines at the Île Longue naval base in Brittany.
Last Tuesday, Friedrich Merz looked fatally wounded before his time in office had even properly begun.
The United States is in turmoil, and so is its currency.
Last week, French Prime Minister Michel Barnier faced parliament defiantly.
“How can anyone govern a nation that has 246 different kinds of cheese?”, asked Charles de Gaulle in 1962.
All eyes are on Europe as the Russian onslaught continues, Ukraine runs out of ammunition, and the upcoming election in the US induces paralysis.
It would be an understatement to say France has long sought to define and assert its position.
Former President of the European Commission, Jean-Claude Juncker, once highlighted the challenge of getting re-elected after implementing necessary reforms.
For Europe, AUKUS feels like the security outcome of a bull’s run through a China shop.
© Dr Oliver Hartwich