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Shownotes
This past weekend, mayhem broke out alongside peaceful demonstrations (wsj.com/world/europe/violent-protests-rip-thro…) in France. What started as a protest over school resources spiralled into anger over potential big cuts to social services. For years the country had a high appetite for borrowed money (wsj.com/world/europe/france-debt-bonds-spendin…) taken out at low interest rates. But today France is facing a fiscal reckoning as more than $1 trillion of that debt will come due by 2030. WSJ’s Stacy Meichtry (wsj.com/news/author/stacy-meichtry?mod=WSJ_TJPOD) explains how France’s debt bomb contributed to the unrest. Ryan Knutson (wsj.com/news/author/ryan-knutson?mod=WSJ_TJPOD) hosts.
Further Listening:
- Germany’s Economy Is Broken. There’s No Plan B. (open.spotify.com/episode/6sUwBroU1AH4zzfucgFLL…)
- Will France Elect a Far-Right President? (open.spotify.com/episode/1NNQNGWow8xfukGbg77Ey…)
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