07/10/2025 10:05
The Guardian
Macron has asked Lecornu to stay on for 48 hours to try to win over lawmakersOur Economics editor, Heather Stewart, explains how France’s financial/political meltdown is part of a wider global trend:Each country’s domestic political challenges are different but there is a broader picture here. Many governments ran up significant debts during the global financial crisis, and again through the Covid pandemic.These remained manageable during the extended period of low interest rates that followed the crash. But post-pandemic, central banks began raising rates to battle the rise in inflation as global industry reopened after the Covid shutdown, and then the fresh increase in prices that followed Russia’s invasion of Ukraine. Continue reading...
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