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French ex-president Sarkozy begins jail sentence

(www.bbc.com)
375 points begueradj | 1 comments | 22 Oct 25 05:49 UTC | HN request time: 0.201s | source
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dmead ◴[22 Oct 25 06:28 UTC] No.45665521[source]▶
The French understand how to run a society.
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rapsey ◴[22 Oct 25 06:30 UTC] No.45665538[source]▶
Politically deadlocked, failing economy, with the judiciary doing political dirty work?
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forgotoldacc ◴[22 Oct 25 06:38 UTC] No.45665598[source]▶
Seventh biggest economy with the 21st biggest population seems like an economy that punches above its weight. Plus a low GINI coefficient suggests there's less wealth divide than a lot of other places. Seems like they have a mature economy and don't need to grow forever like a tumor. Once you reach a certain point, optimizing for quality of life seems nice, and the French do seem to aim for that.
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1. inglor_cz ◴[22 Oct 25 08:16 UTC] No.45666188[source]▶
"optimizing for quality of life seems nice, and the French do seem to aim for that."

Looking at economic trends, it does seem like optimizing for quality of life of the boomer generation at the cost of the future generations, which is not so nice.

Without major cuts to its welfare state (which is Europe's most massive one as a percentage of GDP), France's finances are unsustainable. The necessary tax revenue just isn't there and you cannot borrow indefinitely to spend on entitlements.

As of current trends, if something explodes the Eurozone, it will be endless accumulation of French sovereign debt. It is the same as once Greece was, but ten times as big.