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Macron has a very long history of making huge oral promises and revoking them weeks later. Most of the time, the Prime Minister and its government are only info
by JPLeRouzic 4y ago
Macron has a very long history of making huge oral promises and revoking them weeks later. Most of the time, the Prime Minister and its government are only informed via Twitter or the press. and they have to work hard to limit the damage.
Moreover, having a huge war industry is only possible if there are many other SMEs and large companies. No industry can be isolated and self-sufficient. Most parts of our industry have been shut down since the 1980s (remember Alcatel's Tchuruk?), but it started much earlier (EU). Today, the public sector holds 60% of GDP. How many years before it's 70%, 5 or 10 years?
France's foreign trade balance has been very negative for several decades and it gets worse every year.
And there is also the question of budget and money: since 2017, Macron has deeply indebted France, following the path of Hollande and Sarkozy. In recent years, the French state is missing each year hundreds of billions in revenue and has to borrow them.
Who will finance France in the coming years?
- hunglee2 4y agoyes, France is trying to do something which its size might not allow. Still, I think the French MO since de Gaulle has been to keep the Anglo's at arms length and this strand persists to this day. How long it lasts is anyone's guess, as you suggest, the time might be coming up