France’s prolonged political crisis has turned the country into the euro area’s fiscal flash-point, taking over a role long played by Italy.
Paywall? https://archive.is/R5EQ2
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This is what happens when instead of taxing the rich you let them lending money, as first it’s great they willing fully pay more taxes against some interest, but at a point the interest paid to the rich became as expensive as education.
Just tax the treasure bond at 10% of their value and within a decade there is no debt left
I’m not opposed to taxing the rich at all.
Imagine still trusting rating companies in 2025
