If the crisis in France spreads... 'There may be countries leaving the EU': The structure of Europe may change!

The budget crisis is deepening in France, Europe's second largest economy. The government, which wants to control public debt, aims to reduce the budget deficit to 5 percent of national income. However, while the first phase of the budget bill of the government, which does not have a majority in the parliament, was rejected, protests against the high cost of living and cuts continue on the streets.

Stating that the basis of the anger on the streets is the loss of welfare experienced in the last five years, Inveo Portföy Fund Management Manager Eral Karayazıcı emphasized that the problem could spread throughout Europe. Stating that the European Union (EU) carries the risk of returning to the European Economic Community structure in the long term, Karayazıcı warned, "There may be countries that try to leave the Union."

Stating that the developments in France should also be evaluated in terms of the future of the EU, Karayazıcı said that the structure of the union may change: "It is thought that the EU will evolve into a different structure over time. This brings to the table the risk of returning to the European Economic Community, which is the oldest form of the union. We do not know whether this will happen or not."

Stating that the changes that may occur in the structure of the EU may spread over many years, Eral Karayazıcı said, "No one is officially saying this right now. Even Marine Le Pen in France is not saying 'Let's leave the European Union'. But step by step, maybe it will take 10 years. There is a risk of going here. I think this risk will not come true in the final. But it may come to the agenda and there may be countries that try to leave."

Why did students take to the streets? They expect certain standards in education, but not enough budget has been allocated for this. I think these protests are an accumulated result of the loss of prosperity over the last five years.

According to Karayazıcı, the impact of economic problems is not limited to protests alone. The loss in purchasing power also changes the political preferences of voters.

Karayazıcı, who associates the weakening of support for center parties in Europe with these developments, also cited the rise of the far right in Germany as an example: