Description:
France is spiraling as student protests turn violent, bond yields climb and the debt crisis deepens, while President Macron looks everywhere except home. In this episode we break down how the euro crushed French competitiveness, how Macron's parliamentary election gamble left a broken parliament and sidelined Marine Le Pen's National Rally, and why rumors now point to Macron angling for the top job at the European Central Bank after Christine Lagarde. Is France too big to bail out, and could a French crisis finally bring down the entire euro system?
Timeline:
00:00:00 France protests spiral out of control
00:01:03 The euro as the root of France's decline
00:02:37 Macron's answer was always more Europe
00:04:23 Bond yields, debt and angry students
00:05:25 Le Pen, Melenchon and who is steering the protests
00:06:17 The election gamble that broke parliament
00:07:36 Macron's 2027 exit and the ECB rumor
00:09:09 Too big to fail, too big to bail out
00:10:43 Two paths forward for France
00:13:14 Would Germany back an ECB rescue of France