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Gideon Rachman

Unstable France could trigger the next euro crisis

Runaway budget deficits and a confrontation with Brussels and Berlin are a formula for trouble.

Gideon RachmanColumnist

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“Our Europe is mortal, it can die,” warned Emmanuel Macron in late April. Who knew that just a few weeks later France’s president would set about proving his point, by calling a snap election that threatens to plunge the entire EU into a potentially mortal crisis?

At present, global attention is focused on the immediate political dramas in France. The first round of voting will take place on June 30. The far-right Rassemblement National currently leads in the polls, with the New Popular Front, a coalition dominated by the far left, in second place.

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Financial Times

Gideon Rachman is chief foreign affairs columnist for the Financial Times. His particular interests include American foreign policy, the European Union and globalisation.

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    Original URL: https://www.afr.com/world/europe/unstable-france-could-trigger-the-next-euro-crisis-20240625-p5jofz