France has unveiled a $100 billion stimulus program, worth 4 percent of GDP over two years, to help its economy recover from the effects of COVID-19.
The money is split almost equally between support for businesses, investments in the green economy, and health and social programs. It comes on top of the €460 billion France has spent on exemptions from social charges, furlough subsidies and soft loans to keep businesses afloat.
Seventeen left-wing lawmakers have quit President Emmanuel Macron’s party in France and started their own group, called Ecology, Democracy and Solidarity.
The defections have deprived Macron of his absolute majority in the National Assembly. His La République En Marche is down to 288 out of 577 seats, although it still has the support of the centrist Democratic Movement (46 seats) and the center-right Agir (9).
The defectors accuse Macron of shifting to the right and neglecting income inequality and climate change.
French president Emmanuel Macron has startled observers with a number of policies that might seem to contradict his previously held beliefs.
Despite being pro-EU, he blocked membership talks with Albania and North Macedonia. Once clear-eyed on the Russian threat, Macron now argues for dialogue with Moscow and calls Islamic terror NATO’s number-one enemy. He even made a point of attacking political Islam.
Some hear dog whistles to the far right, assume bad faith and call Macron an Islamophobe. That is unfair to the most liberal president France has had since Valéry Giscard d’Estaing. Read more “Macron the Secret Islamophobe”
Last week, French president Emmanuel Macron blocked the start of EU accession talks for Albania and North Macedonia, arguing that the Balkan states haven’t made enough progress to qualify and that the EU must reform internally before admitting new members.
His concerns were shared by the leaders of Denmark and the Netherlands.
They are not without merit. It would be naive to assume that decades of institutionalized corruption and crime, particularly in Albania, have been washed away over the course of a few years.
That said, progress has been made. North Macedonia’s name change is far from trivial. It represents a willingness to move on from the past. Albania has reformed its judicial system, encouraged by the prospect of membership.
If the French were so adamant about halting enlargement, they should never have made promises to Albania and North Macedonia in the first place.
The worst argument against French president Emmanuel Macron’s latest EU reform push — made, among others, by the Russian-born Leonid Bershidsky, who writes for Bloomberg View from Germany, and the Dutch political commentator Peter van Nuijsenburg — is that it only provides ammunition for rival parties opposed to more European integration.
There are fair criticism to be made. Bershidsky also argues that Macron’s call for a European “renaissance” largely consists of adding more EU agencies and that what the bloc really needs is a shared Franco-German vision.
In op-eds in newspapers across the continent, French president Emmanuel Macron has called for a renewal, or renaissance, of the European project.
It is his second big push for EU reform since his speech at the Sorbonne in September 2017.
At the time, I divided Macron’s proposals, which ranged from a common eurozone budget to a single European asylum office, into the difficult, doable and low-hanging fruit. (I didn’t get everything right; there is still no single European asylum policy but there will be a eurozone budget, if a much smaller one than Macron envisaged.)
Commentators outside France have been predicting Emmanuel Macron’s downfall from the beginning of his presidency.
My own view throughout has been that unpopularity is unlikely to keep Macron up at night. He has been reforming France so thoroughly and at such a fast pace that he was bound to make enemies everywhere. He has a long-enough mandate (five years) to see his reforms bear fruit. And because both the center-left and center-right are in disarray, there is no strong opposition against him.
That threatened to change this winter, when opponents of a fuel-tax increase donned fluorescent yellow vests and took to the streets. Suddenly reactionary France had a movement. Polls showed massive support. Macron hastily canceled the tax hike, the first time he had bowed to public pressure. His political obituaries were being rewritten again. Read more “Macron Fights His Way Back”