Part 1/16:
France’s Fiscal Crisis: A Nation at a Crossroads of Identity and Economics
France, a country renowned for its rich history and cultural influence, faces a profound fiscal crisis that threatens to unravel the very fabric of its national identity. At the heart of this crisis is a public spending behemoth—taking up approximately 57% of the nation’s GDP—placing France among the heaviest spenders in the world, surpassed only by Ukraine amid its ongoing war. This level of expenditure is not just a matter of numbers; it reflects decades of political choices and embedded cultural values that are now colliding with harsh economic realities.