Rising interest rates are blowing up France's budget while political extremes make unattainable promises to the people
France is facing a financial crisis due to rising debt and interest rates, exacerbated by political instability and protests. The government plans to allocate four billion euros for education, despite limited financial resources. France's debt is around 120% of GDP, significantly higher than Germany's 65%. The country is paying higher interest rates than Germany, with a spread not seen since the financial crisis. This situation could lead to a financial crisis if not addressed. The rising costs of debt service are projected to reach up to 132 billion euros by 2030. Political parties continue to make costly promises without addressing the underlying economic issues, creating a false sense of security among the public.