French President Emmanuel Macron has unveiled his new government almost three months after a snap general election delivered a hung parliament.
The long-awaited new line up, led by Prime Minister Michel Barnier, marks a decisive shift to the right, even though a left-wing alliance won most parliamentary seats.
It comes as the European Union puts France on notice over its spiralling debt, which now far exceeds EU rules.
Among those gaining a position in the new cabinet is Bruno Retailleau, a key member of the conservative Republicans Party founded by former president Nicolas Sarkozy.
Just one left-wing politician was given a post in the cabinet, independent Didier Migaud, who was appointed as justice minister.
France’s public-sector deficit is projected to reach around 5.6% of GDP this year and go over 6% in 2025. The EU has a 3% limit on deficits.
Michel Barnier, a veteran conservative, was named as Macron’s prime minister earlier this month.
Members of the left-wing alliance, the New Popular Front (NFP) have threatened a no-confidence motion in the new government.
Far-left leader Jean-Luc Mélenchon called for the new government to “be got rid of” as soon as possible.
On Saturday, before the cabinet announcement, thousands of left-wing supporters demonstrated in Paris against the incoming government, arguing that the left’s performance in the election was not taken into consideration.
There’s a great article in HBR showing how India could become a significant global player by 2050 and what are the barriers that are preventing it. The same thing happening in India could be just a matter of time.
Foreign investment? Notice how the trend is almost identical with the household income you pointed at before
Source?
China and India started in roughly the same spot after WW2, and there’s an obvious reason why they developed very differently. India develops exactly the same way every capitalist country has developed. It’s quite obvious that the same things hasn’t been happening in India. The fact that you call yourself a socialist and don’t understand these things really says volumes.
Last I checked there’s plenty of foreign investment in capitalist countries like India. Yet, they’re developing in a completely different way.
Meanwhile, people in China are enjoying record household savings in 2024 https://www.wsj.com/livecoverage/stock-market-today-dow-jones-bank-earnings-01-12-2024/card/chinese-household-savings-hit-another-record-high-xqyky00IsIe357rtJb4j
Enlighten me.
Are they really? In what way?
For fuck sake, the title of the first article literally says relative decline as in the standard of living isn’t actually declining, and if you read the article it clearly states the household income isn’t increasing as fast as it was before.
Considering how many times you’ve linked an article and it’s complete BS I’m just not going to read any more of your articles. You link an article, find a suitable quote from the article that actually matches what you’re claiming and then I’ll bother to open the article, because if you can’t be bothered neither can I.
Enlighten yourself. Go read up on the history of India and China, what state they were in back in the 50s, and how they’ve developed since. All of this is publicly available information.
In the way of poverty elimination, industry development, public infrastructure, education, and so on. Again, all of this is publicly available data that you could easily look up instead of spending your time making a clown of yourself here.
Of course you’re going to cherry pick the one sentence that fits your narrative. 🤡
Of course you won’t, because if you read the articles then you’d actually have to engage with them, and that’s not what trolls do. You’re not fooling anybody here. Bye.
You said is declining, article is clear its not actually declining. “YoU’rE cHeRrY pIcKiNg”
With the amount of false information, mental gymnastics, name calling and actual idiocracy I’m genuinely happy get be rid of you. France is fine, China sucks, fuck off.
read all of the sources genius
Nobody forced you to make a clown of yourself for two days here, but clearly you couldn’t help yourself. The fact that you think that a fascist shithole like France is fine while a socialist country like China sucks tells us everything we need to know about you. As the saying goes, scratch a liberal and a fascist bleeds.
Why are you linking sources that are objectively false? Multiple times. And then you claim I’m clowning?
I’ll happily take the “fascist shithole” over the surveillance state that is China. But I wouldn’t expect you to understand, you believe authoritarianism to be democracy.
I haven’t linked any sources that are objectively false. I guess you’re just going to repeating it like baby Goebbels as if it’s goign to make it true somehow.
Ah yes, the country that just arrested Durov because they can’t surveil people using telegram is the beacon of privacy. Said without a hint of irony. Libs have to be the least self aware people on this planet.
I couldn’t care less about your capitalist friend being arrested. I guess it’s only western capitalists that you’re against, Russian capitalists you defend.