French public debt reaches file excessive: Is France the sick man of Europe?

France’s debt has reached a file €3.228 trillion, amounting to 112 p.c of GDP. That’s nicely above the cap set by EU guidelines. In fact, France isn’t the one member state to have racked up debt throughout the Covid pandemic and the vitality disaster. A number of international locations have been reprimanded by the European Fee for breaking price range guidelines. However as a result of the French economic system is considered one of Europe’s largest, France’s EU companions are watching the state of affairs nervously. So how and the place ought to the nation make financial savings? On this debate with two MEPs, we draw on the experiences of different international locations, together with the “frugal” Netherlands.

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