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TeaHis temptation may be to mock Emmanuel Macron’s efforts appoint a prime ministerBut this must be opposed. Pointing out that Sébastien Lecornu barely lasted half a Liz Truss ultimately only draws attention to our own recent problems with high prime ministerial turnover.
Italians may also note with some satisfaction that their reputation for frequent government changes and fiscal profligacy has been transferred to their neighbor. georgia melloni It’s been three years now and Italy’s budget deficit is much smaller than France’s. But they should stop complacency.
It is self-evident that it is Not a good sign for France The best solution to Mr Lecornu’s resignation after 27 days of trying to form a government is to ask him to come back and try again.
But it is not good for the rest of Europe either. Mr Macron, along with Sir Keir Starmer, is one of the leaders who has been most steadfast support of ukrainian people In their struggle against Vladimir Putin’s aggression. Mr Macron’s main rivals in France, on the left and the right, are soft on Mr Putin and soft on the causes of the war in Ukraine.
Although some British politicians may have thought that our exit from the EU would isolate us from the continent’s problems, it is also in our narrow interest to build a strong and effective government in France. whether it be small boats in the channel or New EU entry-exit systemWe need the support of the French government. Nigel Farage’s Brexit daydream of an independent United Kingdom that does not need to rely on its nearest neighbors has never reflected the reality of our interdependent world.
Mr Macron’s move to call snap National Assembly elections last year failed when both the right and the left gained seats. But the French president’s fundamental challenge is that he was elected eight years ago promising to tackle France’s deep economic problems, and he has largely failed to do so.
Above all, they have yet to gain control over public finances. Attempt to increase fuel tax fails yellow vest protestAnd a bill to raise the retirement age from 62 was passed with great difficulty two years ago after months of strikes and demonstrations – and then only raised the retirement age to 64 by 2032.
As a result, national debt of france It now accounts for 116 percent of national income, with no credible plan to stop it rising further. If we British think we are living beyond our means, the French, with their much more generous welfare system, are living well beyond our means. Their political system seems less able to cope with economic reality than ours – or even that of the Italians.
Indeed, Chancellor Rachel Reeves is expected to proclaim the virtues of British stability when she speaks at the International Monetary Fund in Washington on Wednesday. Many in his audience will have France in mind as a contrasting example.
Some people may think that the financial crisis in France is an opportunity for other countries, or that it is only a problem for Eurozone members. This would be complacency. A recession in France would hurt its neighbors and embolden the Kremlin.
So all of Europe, whether in the EU or outside it in the case of Britain and Ukraine, should wish the French people the best of luck in dealing with the underlying causes of their political instability.