French President Emmanuel Macron has unveiled his new government almost three months after a snap general election delivered a hung parliament.
The long-awaited new line up, led by Prime Minister Michel Barnier, marks a decisive shift to the right, even though a left-wing alliance won most parliamentary seats.
It comes as the European Union puts France on notice over its spiralling debt, which now far exceeds EU rules.
Among those gaining a position in the new cabinet is Bruno Retailleau, a key member of the conservative Republicans Party founded by former president Nicolas Sarkozy.
Just one left-wing politician was given a post in the cabinet, independent Didier Migaud, who was appointed as justice minister.
France's public-sector deficit is projected to reach around 5.6% of GDP this year and go over 6% in 2025. The EU has a 3% limit on deficits.
Michel Barnier, a veteran conservative, was named as Macron’s prime minister earlier this month.
Members of the left-wing alliance, the New Popular Front (NFP) have threatened a no-confidence motion in the new government.
Far-left leader Jean-Luc Mélenchon called for the new government to "be got rid of" as soon as possible.
On Saturday, before the cabinet announcement, thousands of left-wing supporters demonstrated in Paris against the incoming government, arguing that the left’s performance in the election was not taken into consideration.
Archive link
You're comparing a country that was a developed country more than 50 years ago to a country that has been a developing country in the last 50 years. No shit one of them is going to show a lot of progress. It's like comparing the progress a person does in the first 18 years of the life to the progress of someone from the age of 30 to 48.
You're not proving China is somehow doing better than the western world, you're proving that China is reaching the same standard as the western world.
Come back when you have an actual argument.
Except, China has already caught up to the west and there is still steady progress happening. Hence Chinese people now being richer than Europeans.
Once again, that reading comprehension really needs work. It's frankly embarrassing. From my previous reply.
Perhaps take your own advice here.
Yes, the average Chinese adult is richer than the average European by a whooping 0.22%. How about you read your own articles dumbass. It's literally an example of China reaching the standard of the western world.
EDIT. Forgot to bold a certain part so we can get back to that when you eventually start complaining about numbers again.
Absolutely hilarious how you continue to ignore where China started. Explain to us why we don't see the same thing happening in India for example. Explain why the standard of living in China is improving more rapidly anywhere or any time in history. Meanwhile, also explain why the standard of living in Europe is declining. Pretty clear who the actual dumbass here is.
There's a great article in HBR showing how India could become a significant global player by 2050 and what are the barriers that are preventing it. The same thing happening in India could be just a matter of time.
Foreign investment? Notice how the trend is almost identical with the household income you pointed at before
Source?
China and India started in roughly the same spot after WW2, and there's an obvious reason why they developed very differently. India develops exactly the same way every capitalist country has developed. It's quite obvious that the same things hasn't been happening in India. The fact that you call yourself a socialist and don't understand these things really says volumes.
Last I checked there's plenty of foreign investment in capitalist countries like India. Yet, they're developing in a completely different way.
Meanwhile, people in China are enjoying record household savings in 2024 https://www.wsj.com/livecoverage/stock-market-today-dow-jones-bank-earnings-01-12-2024/card/chinese-household-savings-hit-another-record-high-xqyky00IsIe357rtJb4j
Enlighten me.
Are they really? In what way?
For fuck sake, the title of the first article literally says relative decline as in the standard of living isn't actually declining, and if you read the article it clearly states the household income isn't increasing as fast as it was before.
Considering how many times you've linked an article and it's complete BS I'm just not going to read any more of your articles. You link an article, find a suitable quote from the article that actually matches what you're claiming and then I'll bother to open the article, because if you can't be bothered neither can I.