France's deepening fiscal crisis is testing the sustainability of current sociopolitical and economic policy. For Oliver Davies, Professor and Head of the Department of French at University College Cork, the crisis is not simply the consequence of deteriorating public finances. It is also the product of President Emmanuel Macron's political choices, particularly his decision to dissolve the National Assembly in June 2024. Davies describes the resulting parliamentary deadlock as a "self-inflicted crisis", warning that the market confidence on which Macron has long relied "now seems to be evaporating."
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