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Reply to "European Parliament Elections Going Far Right"
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[quote=Anonymous]France faces a brutal fiscal crunch. France has an American-style deficit of 5% of GDP, which its central bank expects to come down only slowly. The country’s debt-to-GDP ratio of 111% is similar to Italy’s before the euro crisis in the early 2010s, and is set to rise. S&P Global, a ratings agency, downgraded France’s sovereign-debt rating from AA to AA- on May 31st. On June 19th the European Commission said it was preparing to put France into an excessive-deficit procedure, meaning the country’s politicians will have to come up with a plan to fix things. It will be better for nationalists in 2027 to not be blamed for the failures of this government. [/quote]
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