France had one of the highest budget deficits in the Eurozone in 2024

https://i.redd.it/rtna63ykl3df1.png

by NanorH

26 comments

  3. Poland which is not in Eurozone had a 6,6% budget deficit in 2024.

  6. I don’t see France being able to afford a second PANG carrier (or even the first one for the matter) or even going it alone on the FCAS at this rate.

  7. On a side note, how is Portugal doing so “good”( a country usually doesn’t need to have a surplus because all the money it has should be spended on the citizens)

  8. What the heck is happening in Greece, should we all be looking to immigrate there instead of DE? xD

  9. Meanwhile Fico about to gift electricity from one of our biggest powerplants to Hungary for free to help Orban win his next election.

  10. This graph only shows 20 out of 27 member states

  11. All this rhetoric about « X country cannot do it it is too much in dept » is so ridiculous. If the the crisis is existential, like it is today for Europe, 100% of GDP is nothing. France was at 300% at the end of ww2. If Ukraine (Europe) loses this war, the consequences will be way worse than a few percentage of GDP

  12. I’m confident Romania will surpass France 1 year after we allegedly join the Eurozone in 2030

    Edit: Didn’t see Slovakia

  15. Funny how the former “PIIGS” countries Portugal, Greece and Ireland became the poster children.

  17. Nobody can beat Slovak PM Fico as he is doing nothing just blaming past parties for deficit, guess what, it was lower…. populists, giving money to elders groups of his voters as 13. pension.

  18. Didn’t “we” have a European law that said you can’t have more than 2% deficit?

  19. If you were wondering why Macron is omnipresent in Europe and with international affairs: it’s a political distraction from his national failures.

  21. France’s general government expenditure is 57% of GDP, which is very, very high even for OECD standards. While obviously people want there not to be many social and general spending cuts, at this point it is virtually inevitable and this situation will only worsen. Even simply boosting taxation will only really help for a while.

    Otherwise, interest spending will just massively increase, and larger tax increases or social cuts will need to happen anyway to avoid default.

  23. Ireland is rolling in that US corpo cash yet refuses to build homes.

  25. Good, they know how to manage their economy. A high public deficit with inflation in check has a positive effect on the economy.

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