RE: Barnier booted out4 Dec 2024 23:49
The EU - a hopeless cause, a mortally wounded animal that needs burying once and for all.
And here is another reason why what happens in France matters beyond its borders: It's the second largest economy in the eurozone. Its budget deficit is ballooning way beyond EU norms. French government debt is similarly eyebrow-raising.
This is unsettling for French taxpayers worried about the cost of living, and uncomfortable for the rest of the eurozone, fearing the knock-on effects of damage to their currency’s reputation if Big Beast France appears out of control.
Big Beast Germany, meanwhile, the EU's largest economy, is also in trouble. Its once booming export industry so dented (even before the import tariffs threatened by Trump as of January 2025) that it risks pulling central and eastern European neighbours, long used by Germany as a factory floor, into its economically depressed orbit.