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BackUnemployment, debt, employment, standard of living... These indicators which show France's decline in Europe
Unemployment, debt, employment, standard of living... These indicators which show France's decline in Europe
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Le Figaro Actualités2 hours agoBusiness1 min readFranceView original

Unemployment, debt, employment, standard of living... These indicators which show France's decline in Europe

Paul Krugman's alert on France's debt and retirement system.

paul krugmanfrancepublic debt

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The Nobel Prize winner in economics Paul Krugman describes France as “the sick man of the Western world” due to an unsustainable budgetary trajectory and a pension system considered archaic.

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Why It Matters

The 2008 Nobel laureate criticizes French budgetary management and the cost of its pension system.

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“An unsustainable budgetary trajectory”: the warning from Paul Krugman, former Nobel Prize winner in economics, on France’s debt

One of the most influential voices in the global economy, the 2008 Nobel laureate believes that France has become “the sick man of the Western world”. The cause, according to him, is to be found in its retirement system, considered archaic and too expensive.

Budget 2027: the examination in the National Assembly turns into a disaster for the public accounts

DECRYPTION - David Amiel accuses the deputies of the finance committee of having voted in favor of measures degrading the public deficit by 8 billion euros.

Open Questions

  • What corrective measures will the government adopt?

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Topicsfrancepublic debtretirementeconomy
This article was originally published by Le Figaro Actualités.

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