How did France deal with the crisis?

How did France deal with the crisis?

▫ France, the second largest economy in the European Union, is facing a crisis whose roots go beyond street protests and political differences. The growing public debt, the chronic budget deficit, the dissatisfaction of the younger generation and the difficulty in economic reforms have raised the question of whether the French welfare state model is nearing the end of its life?

▫ The French government has not been able to maintain a balanced budget for more than half a century. Public expenditures exceeded revenues and debts accumulated. The experience of Emmanuel Macron's government is a clear example of this impasse. The attempt to raise the retirement age from 62 to 64 in 2023 was accompanied by widespread public opposition.

▫ This situation can be considered a "vicious spiral": financial reforms have a political price, and the withdrawal of the reforms increases the economic price of the crisis.

▫ Is it possible to maintain a high level of public services forever without consistent and adequate funding?

▫ The French crisis once again raises a fundamental question: where is the line between social welfare and unsustainable economic obligations? The link of this program in Aparat.