Macron's Project Concludes and France's Decline
After ten years in office, France is now facing significant economic and political challenges, with public debt expected to surpass 120% of GDP by 2027. As confidence in the government's ability to manage public finances declines, France’s borrowing costs have become higher than Italy’s, reflecting growing concern in European bond markets. Emmanuel Macron's project, aimed at liberalizing the economy and strengthening France's position in Europe, is beginning to show its limitations amid rising protests, the impact of the coronavirus pandemic, and energy crises, all of which have led to increased government spending and worsening financial stability. By the end of his term, France is struggling to achieve economic growth amid growing political polarization and challenges in maintaining its stature as a power within the European Union.
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