The Toll on the Road to Paris

France's students want money for schools; the state is already borrowing dear. Debt stands at 119% of GDP against the EU's 60% reference, the deficit at 5.1% against 3%, and the ten-year yield at 4.914%, up 139 basis points in a year and near a 24-year high. The 2027 budget freezes teachers' pay instead.

France cannot easily answer its students' demand for more school spending because it is already borrowing dear: its deficit was 5.1% of GDP last year against the EU's 3% limit, its debt reached 119% of GDP, and its ten-year bond yield at 4.914% is up 139 basis points in a year, close to a 24-year high and among the highest in the G7.

Starring

🎙️The NarratorAmbrosePimThe Toll KeeperPrudence