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For Macron, the stakes are high as he doesn’t want to damage the credibility he needs to push for reforms in Europe. The European Commission has already said his existing budget is at risk of non-compliance with EU rules.
According to Marc Touati, economist and president of business consultancy ACDEFI, Macron may be forced to take a more radical approach, even if that means the deficit slipping a bit.
People are in favor of progressive policies until they have to pay for it. Talk is cheap
Complete and utter nonsense.
The French people have been paying for progressive policies for as long as I can remember...mostly without complaint unless they smell a rat or suspect subterfuge.
Meh..ok, but so what? He’s not the only unpopular leader of a country.
Our president isn’t exactly being voted Prom King.
I'll bet you good money that Trump will still be in office long after Macron is gone. He's on that same Train as David Cameron, Merkel, Obama and the other globalists on the way out.
Macron is not popular anymore. Who was it that said we need a Macron for USA. Look at him now.
No president of France has been popular for very long in ages; and there are very good reasons.
Like M. Hollande before him President Macron is attempting to do what must be done; reduce France's huge budget deficits to bring them in line with EU mandates. Given that country's vast and extensive social and socialist government spending this is not an easy task politically. People point fingers at Italy, Portugal and other European countries, but France is right up there with vast spending it expects (or expected) others to pay for, which is or as come to an end.
Said it before an am doing so again; France like much of Western Europe and the United States has experienced a dramatic change in economy. Great wealth has been created but it isn't evenly distributed and most is going to those like the Jeff Bezos, Mark Zuckerbergs and others of their ilk. Meanwhile working/middle and lower classes increasingly are falling further and further down the economic ladder as wages stagnate, jobs vanish, and or they simply do not have the skills the new economy rewards with high wages.
France for a good part of her republic history has protected such persons with vast and extensive social and socialist schemes. But that has come at a price. First are the high taxes necessary to fund, but also various distortions have been created.
Unemployment in France especially for young just out of college persons is very high. Due to fact it is very difficult to impossible to get rid of employees with long term contracts, companies/businesses simply aren't hiring. This and or only offering short term contracts (the "gig" economy is alive and growing in France).
Here in NYC have never seen so many French people in my life. These aren't tourists, or students, but expats who have moved to USA because as one fellow met at a bar explained "there are no jobs in Nice".
In the mean time France hums along nicely with the most electricity from Nuclear power plants in the world...What do you think about that?...........
What are her options? France has very little oil reserves, and IIRC nil natural gas. Coal reserves are another matter but that fuel largely has been replaced by other sources for power generation.
France imports vast amounts of LNG (used mainly for residential heating and other applications such as commercial laundries, etc...), but other than that their main source of power for decades has been nuclear.
Awesome. If they want him, send him on over. Let him stay there.
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France- “We want Trump”.. media blackout
