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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: tjscott0   😊 😞
Number: of 4582 
Subject: Re: Stocks take a hit
Date: 10/15/25 1:17 PM
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"And let's not ignore how much less stoic Americans are to being deprived."

And neither are the French.

I see France just caved on pension reform to save the Macron government. It seems the French population refuses to see that their social safety net is no longer affordable. France will continue to fund high retirement benefits at the expense of the current worker population.

france24.com - The massive debt behind france s political turmoil
France's public debt has steadily risen for decades, fuelled by chronic budget deficits financed through borrowing on bond markets.

The debt grew to 3.3 trillion euros ($3.9 trillion) in the first three months of this year, or over 48,000 euros per French national.

The debt amounts to 114 percent of France's annual gross domestic product (GDP, a measure of economic output) -- the third highest debt ratio in the eurozone after Greece and Italy.
US's debt to GDP is similar to France.

politico.eu - France pm lecornu freeze retirement reform bid save government socialist
Macron saves his government (for now) by suspending pension reform

finance.yahoo.com - Old retirees france now
65-year-old retirees in France now have higher incomes than working-age adults
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