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法国将沦为新“欧洲病夫”?
Guo Ji Jin Rong Bao·2025-09-24 13:40

Political Instability - France is experiencing unprecedented political turmoil, with five prime ministers in less than two years, leading to governance issues and a fragmented political landscape [1][3] - The current prime minister, Le Cornu, faces significant challenges in passing the budget due to a divided parliament, which has resulted in a systemic paralysis of the government [3][10] Economic Concerns - France's public debt has surpassed €3 trillion, equating to 114% of GDP, with interest payments expected to reach €67 billion this year, exceeding the budgets of all government departments except for education and defense [3][4] - Rating agency Fitch has downgraded France's credit rating, increasing borrowing costs and raising concerns about fiscal sustainability [4] Social Unrest - A wave of protests has emerged, with unions mobilizing over 500,000 people against budget cuts perceived as unfair, particularly targeting welfare and education while the wealthy continue to benefit from tax breaks [6][7] - The protests have escalated into significant disruptions in public services, with one-sixth of teachers participating in strikes and power generation reduced by approximately 4,000 megawatts [6] Political Negotiations - The left-wing Socialist Party has seized the opportunity to demand significant budget changes, including halving budget cuts and introducing a 2% tax on wealth exceeding €100 million, creating a standoff with the right-wing and business associations [10] - The government must navigate a complex political landscape where satisfying one faction risks alienating another, making it difficult to pass the budget [10][11] Future Outlook - While some economists express cautious optimism about France's economic fundamentals, others warn of a potential collapse if political reforms are not enacted [11] - The ability of the government to break the budget deadlock and restore public confidence will be crucial in determining whether France can avoid becoming the "sick man of Europe" [11]