France’s Student Protests Highlight a Debt Crisis that Could Spill over to the Rest of Europe
10 Articles
10 Articles
Public servants on strike. Secondary schools with barricades. Locked ports. Budget paralysis. Interest rates on spiral titles. Fears of a power takeover by the extreme right. France suddenly sees itself immersed in a crisis — not a single outbreak of agitation, but a cascade of disturbances that is shaking streets, stock exchanges and public distributions throughout the country. The French "return" or "return", as the French call the period back…
France’s student protests highlight a debt crisis that could spill over to the rest of Europe
By Hanna Ziady, CNN London (CNN) — France’s unprecedented wave of student protests has laid bare the country’s growing financial pressures, which will only become more difficult to tackle as Europe’s second-largest economy tries to rein in a ballooning budget deficit. The country’s finances are in a precarious state. Public debt was more than $4
French budget crisis worsens amid student protests
France could be on the precipice of a financial crisis, as escalating student protests roiled an already shaky bond market. A pre-election debt selloff, lame-duck government, and massive demonstrations have raised fears that Paris’ budgetary crisis is untameable. Presidential frontrunner Marine Le Pen vowed deep budget cuts Tuesday to lower the deficit, but has also pledged to increase retirement benefits. “In France we have this reflex of alway…
France is facing two pressures that are difficult to reconcile: the markets demand a convincing debt reduction plan, while hundreds of thousands of protesters reject the cuts they are being asked to pay. The… The markets demand the bill, the citizens refuse to pay it - ΙΝΑΦΤΕΜΟΡΙΚΙ
The political autumn of France is dominated by a pressure that comes simultaneously from the street and from public finances. For two weeks, students have been protesting in several cities of the country, and the marches that teachers and parents have joined have blocked access to hundreds of schools. The government of Paris has been trying to respond to demands, but promises have a difficult problem behind them: any new measures involve funds, …
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