France has a massive debt crisis. So why is it spending billions a year subsidising business? | Alexander Hurst
Tuesday, 2 September 2025 ()
The government is on the brink of collapse over planned austerity. Instead it must face up to the costs of its unnecessarily rigid labour market As someone who has always been against austerity, I find France, with a national debt at 114% of GDP and a budget deficit of 5.8% of GDP, a conundrum.…
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