French debt has surged, deficits are widening and two prime ministers have fallen trying to fix it.
The question that now hangs over politics in Paris: how much of the budget trouble is of French President Emmanuel Macron’s own making?
Since Macron entered the Élysée in 2017 promising to cut taxes, boost growth and shrink the state, public spending has climbed — and so has France’s debt-to-GDP ratio, now trailing only Greece and Italy in the Eurozone.
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