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> Compared to?

It's EU peers.

If France wants to support Ukraine and rebuild it's army, it will be required to borrow heavily to purchase arms.

If France wants to rebuild manufacturing supply chains domestically, it will be required to borrow heavily to invest in infra.

The above two will be in the tens to hundreds of billions of Euros range.

France ALSO spends tens to hundreds of billions of Euros on social services.

France ALSO needs to pay it's existing interest on debt, which is in the tens of billions of Euros a year and rising.

France needs to cut 2 of the first 3 choices - they cannot cut the 4th one due to EU regulations and if France does not want to become the next Argentina.

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>That doesn’t sound like a bad thing

Of course it doesn't sound bad but what do you do when you run out of money to pay for it?

Do we decide policies based on what sounds good or what we can actually afford? Because getting paid to do nothing but our hobbies would sound even better.

But hey, if you wanna give boomers luxury retirement while immolating the economic prospects of future generations of workers in order to pay for it, go for it.

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