Other EU
France’s Debt Gets Downgraded: Is France Becoming the Next Italy?
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Despite Macron’s reputation for fiscal conservatism, France continues to have one of the highest deficits and debt burdens in the EU which is leading to mounting pressure from the opposition. So should Macron be worried about an impending debt crisis?
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1 – https://www.ft.com/content/378ab955-eda2-4922-93aa-8eb0f8a6b7c6
2 – https://www.bloomberg.com/news/articles/2024-04-10/french-deficit-to-widen-even-more-raising-pressure-on-macron
3 – https://www.euronews.com/business/2024/04/22/could-frances-soaring-deficit-and-debt-lead-to-a-rating-downgrade
4 – https://tradingeconomics.com/france/government-budget
5 – https://tradingeconomics.com/country-list/government-debt-to-gdp
6 – https://www.bloomberg.com/news/articles/2024-03-26/french-economy-latest-budget-hole-leaves-macron-strategy-in-doubt
7 – https://en.wikipedia.org/wiki/List_of_countries_by_credit_rating
8 – https://en.wikipedia.org/wiki/List_of_countries_by_government_spending_as_percentage_of_GDP
9 – https://www.imf.org/en/Blogs/Articles/2022/06/01/blog-dollar-dominance-and-the-rise-of-nontraditional-reserve-currencies
10 – https://www.euronews.com/business/2024/02/19/france-shrinks-2024-economic-growth-outlook-to-1
11 – https://www.bloomberg.com/news/articles/2024-03-26/french-2023-deficit-was-5-5-of-output-government-targeted-4-9
12 – https://www.lemonde.fr/en/politics/article/2024/06/03/eu-elections-poll-far-right-consolidates-lead-in-france_6673568_5.html
13 – https://www.bloomberg.com/news/articles/2024-06-02/france-to-pursue-reforms-to-close-budget-deficit-attal-says?srnd=markets-vp
14 – https://www.bloomberg.com/news/articles/2024-04-10/french-deficit-to-widen-even-more-raising-pressure-on-macron
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In this video we’re going to talk about why the so-called Finlandization of Ukraine is looking increasingly likely, and whether it could actually work.
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References:
Finland Cold War History
https://en.wikipedia.org/wiki/Molotov%E2%80%93Ribbentrop_Pact
Support for Ukraine’s Nato Membership
https://kyivindependent.com/stoltenberg-says-ukraine-can-be-granted-nato-membership-even-with-occupied-territories/
https://euromaidanpress.com/2017/06/08/ukraines-support-for-joining-nato-at-a-historic-high-infographic/
Why Findlanisation won’t work for Ukraine
https://euromaidanpress.com/2022/03/01/finlandization-was-malignant-for-finland-and-it-might-be-even-worse-for-ukraine/
https://united24media.com/war-in-ukraine/why-finlandization-is-not-about-neutrality-and-why-this-scenario-is-unsuitable-for-ukraine-4642
Corruption in Ukraine https://ti-ukraine.org/en/news/minus-one-point-for-reform-implementation-what-does-ukraine-s-decline-in-the-2024-corruption-perception-index-mean/
Finland dismisses Finlandisation model for Ukraine
https://www.reuters.com/world/europe/finland-dismisses-finlandisation-model-ukraine-2024-11-11/
https://www.atlanticcouncil.org/blogs/ukrainealert/why-finland-thinks-finlandization-is-a-bad-idea-for-ukraine/
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Hungary’s economy hasn’t been doing too well in the last few years with high inflation and stubborn interest rate. In this video, we’re taking another look at Hungary’s economic crisis, why it’s suddenly gotten a lot worse, and what might happen next.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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1 – https://tradingeconomics.com/hungary/inflation-cpi
2 – https://www.oecd.org/en/publications/2023/07/oecd-employment-outlook-2023_904bcef3.html
3 – https://tradingeconomics.com/hungary/interest-rate
4 – https://www.bloomberg.com/news/articles/2024-01-03/hungary-s-debt-servicing-costs-surge-past-italy-s-to-lead-eu
5 – https://tradingeconomics.com/hungary/government-budget
6 – https://www.bloomberg.com/news/articles/2025-02-27/hungary-set-to-miss-eu-budget-goal-again-as-orban-tax-breaks-hit
7 – https://ec.europa.eu/eurostat/web/products-euro-indicators/w/2-22102024-ap
8 – https://www.siliconcontinent.com/p/how-to-incinerate-220-billion-euros
9 – https://www.bloomberg.com/news/articles/2025-01-09/hungary-probably-missed-budget-goal-again-in-2024-ministry-says
10 – https://www.bloomberg.com/news/articles/2025-03-10/hungary-budget-gap-spirals-on-retail-bond-interest-payments
11 – https://www.ksh.hu/national-accounts-gdp
12 – https://www.fxstreet.com/analysis/soaring-debt-service-costs-in-hungary-202411060827
13 – https://www.ft.com/content/0573f612-7780-4d41-a038-6c6abf8dd3aa
14 – https://tradingeconomics.com/hungary/government-bond-yield
15 – https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Exchange_rates_and_interest_rates
0:00 Intro
1:26 Orban’s Post-COVID Debt Addiction
4:15 Why Things Have Got Worse
5:35 A Debt Doom Loop?
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While many European nations have begun increasing their defence budgets in the last few months, a key problem remains on the cards: military personnel. In this video, we’re taking a look at Europe’s conscription crisis, why it’s become so hard to recruit young people, and what would it take to get Gen Z onboard.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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Europe’s shortage of soldiers:
https://www.dw.com/en/german-military-faces-massive-shortage-of-soldiers/a-71888740
https://www.euractiv.com/section/politics/news/czech-army-faces-critical-shortage-of-soldiers/
https://www.economist.com/graphic-detail/2020/03/02/western-european-armies-have-shrunk-dramatically
https://www.reuters.com/world/europe/eastern-europes-armies-struggle-enlist-young-people-with-war-not-far-away-2024-08-09/
https://abcnews.go.com/International/wireStory/europes-military-personnel-shortfalls-exposed-trump-warns-us-119784578
https://www.ft.com/content/30594f17-6a55-4189-afda-57cdf0176841
German conscientious objectors
https://themunicheye.com/rising-conscientious-objection-germany-ukraine-conflict-13037
European polls for military support
https://www.aa.com.tr/en/europe/just-over-11-of-young-brits-would-take-up-arms-for-britain-poll/3478768
https://yougov.co.uk/international/articles/51741-where-does-western-europe-stand-o[…]m_source=website_article&utm_medium=twitter&utm_campaign=51741
Why young people are resisting enlisting
https://www.theguardian.com/commentisfree/2024/jan/28/plummeting-morale-low-pay-unjust-wars-it-is-no-wonder-young-people-resist-joining-up
Germany’s youth flock to radical parties
https://www.economist.com/international/2024/04/17/would-you-really-die-for-your-country
https://www.tagesschau.de/wahl/archiv/2025-02-23-BT-DE/charts/umfrage-alter/chart_1874795.shtml
Europe debates return of conscription
https://www.thetimes.com/world/europe/article/donald-tusk-poland-national-service-xkz0pbxqq
https://cepa.org/article/latvia-poised-to-return-to-conscription-as-russian-menace-grows/
https://www.dutchnews.nl/2024/01/ministry-considers-compulsory-questionnaire-for-military-service/
https://www.vecernji.hr/vijesti/je-li-mjesec-dana-dovoljno-za-vojni-rok-strucnjaci-nitko-ne-pita-struku-trebamo-uciti-od-drugih-1742011
https://www.telegraph.co.uk/world-news/2025/03/07/poland-to-train-every-adult-male-for-war/
https://evrimagaci.org/tpg/macron-to-overhaul-national-service-amid-security-concerns-264304
Scandinavian model of conscription
https://carnegieendowment.org/research/2024/07/europes-conscription-challenge-lessons-from-nordic-and-baltic-states?lang=en
00:00 – Introduction
01:21 – Context
02:46 – Why European Armies Are Struggling to Recruit
05:55 – What the European Countries Are Doing About It
07:31 – Sponsored Content
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As tensions rise between Canada and the US, new PM Mark Carney has made overtures to Europe in a bid to strengthen ties and while it’s unlikely to join the bloc any time soon, it certainly isn’t impossible. So let’s dive into how and why it could happen.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
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Sources:
Government Spending Data: https://docs.google.com/spreadsheets/d/1zBKfrkQknsPD9vEprIuDSXazC9sUCOWk/edit?gid=1866731091#gid=1866731091
1 – https://abacusdata.ca/what-canadians-think-about-canada-joining-the-european-union/
2 – https://www.irishlegal.com/articles/ian-cooper-51st-state-canada-should-join-the-eu-instead
3 – https://www.aljazeera.com/news/2025/3/17/canadas-carney-visits-france-to-seek-reliable-allies-amid-us-disputes
4 – https://aei.pitt.edu/1573/1/challenge_of_enlargement_June_92.pdf
5 – https://en.wikipedia.org/wiki/Whisky_War
6 – https://www.bloomberg.com/news/articles/2025-03-04/eu-proposes-150-billion-in-loans-for-pan-european-defense
7 – https://www.economist.com/europe/2025/01/02/why-canada-should-join-the-eu
0:00 Intro
1:43 No
5:09 But…
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Since Russia’s invasion of Ukraine, the European industry has seen a steep rise in energy costs, leading to a substantial decline in production. But, things might be taking a positive turn; so, in this video, we’re taking a look at how Europe’s manufacturing sector has suffered in recent years, and why it looks like things might be on the up.
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Our mission is to explain news and politics in an impartial, efficient, and accessible way, balancing import and interest while fostering independent thought.
TLDR is a completely independent & privately owned media company that’s not afraid to tackle the issues we think are most important. The channel is run by a small group of young people, with us hoping to pass on our enthusiasm for politics to other young people. We are primarily fan sourced with most of our funding coming from donations and ad revenue. No shady corporations, no one telling us what to say. We can’t wait to grow further and help more people get informed. Help support us by subscribing, engaging and sharing. Thanks!
//////////////////////
1 – https://www.euronews.com/business/2024/09/02/why-is-european-manufacturing-still-in-such-a-critical-state
2 – https://think.ing.com/articles/eurozone-industry-outlook-the-perfect-storm-continues
3 – https://www.statista.com/statistics/275300/purchasing-managers-index-pmi-in-the-euro-area
4 – https://www.bloomberg.com/news/articles/2025-03-10/german-industrial-production-rises-in-sign-of-stabilization
5 – https://www.bloomberg.com/news/articles/2025-02-21/germany-s-private-sector-activity-improves-ahead-of-election
6 – https://www.oxfordeconomics.com/resource/why-we-believe-the-industry-cycle-in-the-eurozone-is-finally-turning
7 – https://ourworldindata.org/grapher/manufacturing-value-added-to-gdp
8 – https://www.oxfordeconomics.com/resource/claims-of-deindustrialisation-in-europe-are-overblown
9 – https://www.politico.eu/article/europe-energy-bills-germany-brussels-pipeline-prices
10 – https://www.ft.com/content/bdba0fc4-f651-41fa-9706-acaa4dc15bd0
11 – https://www.reuters.com/business/energy/europes-economic-woes-may-worsen-key-power-prices-rise-maguire-2024-11-20
12 – https://www.forbes.com/sites/chriswestfall/2024/11/25/europes-richest-economy-struggles-as-layoffs-rock-global-auto-industry
13 – https://x.com/SanderTordoir/status/1898419825136791566/photo/1
14 – https://www.theglobaleconomy.com/Germany/Share_of_manufacturing
15 – https://edition.cnn.com/2024/10/28/business/volkswagen-factory-closures-layoffs/index.html
16 – https://www.telegraph.co.uk/business/2025/03/11/volkswagen-open-to-building-military-equipment-german-army
17 – https://auroraer.com/media/europe-gnl-lng-usa-trump-asia-gas-global-market-elections
18 – https://www.caixabankresearch.com/en/sectoral-analysis/sector-observatory/manufacturing-gains-traction-despite-challenging-environment
19 – https://www.bloomberg.com/news/articles/2024-10-02/spain-is-an-investor-favorite-as-banks-inditex-power-ibex-rally
00:00 – Introduction
01:06 – Context
02:22 – Downturn Explained
05:16 – Europe’s Manufacturing Uptick
07:59 – Sponsored Content
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@TLDRnewsEU
June 7, 2024 at 8:10 am
CORRECTION: As a handful commenters have pointed out, at 3:36 we say the Czech Republic, but the animation shows Hungary. Apologies for this sloppy error, and we hope you nonetheless enjoyed the video!
@roseforeuropa
June 7, 2024 at 8:10 am
Hey Pride boy, time to bust out your trendy and fabulous LGBT shirt that you rocked last June!
@mxfs19
June 7, 2024 at 8:10 am
You know what would help? Digitisation like in Estonia, housing policy like in Vienna – that’s the way out of it! Best practices in politics – only one party thinks about this in the European election: @VoltEuropa !
@yukiminsan
June 7, 2024 at 8:10 am
eventually you run out of other people's money
@jimmynolet3752
June 7, 2024 at 8:10 am
They've been stealing from Africa and now are kicked out due to BRICS….it's why they want war in ukraine cause they are mad they are broke. They had a good deal too 50% of the countries in bed with them natural resources and france will print thier money. i find your video really missed what's happening.
@AtakanYoztyurk
June 7, 2024 at 8:10 am
England and Qatar are perfect friends (It isn't like Portugal and England. It is deep and nice.). I want to say ''Thank you England'' for good education to Qatari Emir.
@AtakanYoztyurk
June 7, 2024 at 8:10 am
Islamic Qatar can buy France like Paris Saint Germain FC.
@luiscuellar685
June 7, 2024 at 8:10 am
France debt…
Another revolution?
@seanlander9321
June 7, 2024 at 8:10 am
France has sovereign debt obligations to Britain and America for trillions that it doesn’t acknowledge in its accounts. If those loans were sold or called in then France wouldn’t qualify for the EU.
@user-yv7oi1be8h
June 7, 2024 at 8:10 am
Germany's foreign trade balance in 2023 was a surplus of 209.4 billion euros, which was an increase from 2022's surplus of 88.6 billion euros.
According to French customs, France's trade deficit in 2023 was €99 billion, compared to €162 billion in 2022.
LIke I said… Germany is paying for PIGS nations' welfares
@user-yv7oi1be8h
June 7, 2024 at 8:10 am
inevitably yes.
@TheCodik
June 7, 2024 at 8:10 am
Clue this is a U.K. channel: claim France’s rating dropped below the U.K.
In fact, of the three big rating agencies, one ranks it higher, one the same, one below…. And that’s after the downgrade
@Theguywholikedthethinginthevid
June 7, 2024 at 8:10 am
Another prosperous country destroyed by diversity.
@mkb6418
June 7, 2024 at 8:10 am
France stops being a geopolitical power thanks to Russian takeover of Western Africa and Surinamese oils. That's all
@robertewalt7789
June 7, 2024 at 8:10 am
France, unlike the US and UK, cannot simply issue new money to cover its budget deficits. The euro is managed outside the control of the members.
@9n3-
June 7, 2024 at 8:10 am
La pen isn’t an extremist, that’s incredibly unfair.
@TheMrgoodmanners
June 7, 2024 at 8:10 am
They lose west Africa and all of a sudden their economy starts tanking. Who's not surprised
@Derek-Trotter
June 7, 2024 at 8:10 am
Brexit
@jimrrussell8250
June 7, 2024 at 8:10 am
High debt states will draw the eurozone/states into paying for their failure in long term, which will leave everyone in worse situation OR the eurozone as it is will break apart, it is held together by moneyprinting already
@Siwashable
June 7, 2024 at 8:10 am
Italains have much lower perosnal debt than most other major industrial economies.. look at canada.. pathetic levels of debt ($1.85 debt for every dollar). Canadian living standards are a facade
@010Jordi
June 7, 2024 at 8:10 am
This why France wants eurobonds and Germany and the Netherlands don't
@Siwashable
June 7, 2024 at 8:10 am
the next italy? italy is outperforming most if not all of europe these days
@etienne8110
June 7, 2024 at 8:10 am
In 7 years macron has incresased the french debt by more than 50%, 1 000 000 000 000 euros…
And at the same time he reduced the taxes on his billionaires friends…
@Richard1A2B
June 7, 2024 at 8:10 am
Surely it's President Macron, not Macron? You wouldn't hear any serious presenter referring to King Charles as simply Charles or Windsor, would you?
@MrJustCallMeJames
June 7, 2024 at 8:10 am
The whole Europe is the next Italy.
@flashback1123
June 7, 2024 at 8:10 am
They want Nato wars with Russia… the whole West is going down quickly..
@aboukirvienne5352
June 7, 2024 at 8:10 am
French debt is one of the most attractive in the world. The reason is government bonds are risk management assets in every financial institutions globally and there are only so much bonds volume graded AA or AAA. With its volume, liquidity and AA- rating, French debt is a best seller financial product.
@JeffBoyce
June 7, 2024 at 8:10 am
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you…prevent inflation
@pcfirebeats
June 7, 2024 at 8:10 am
Meybe they should start to tax the rich and corporations…
@user-mb6dw4dd5i
June 7, 2024 at 8:10 am
What kind of world we are living in … they think Palestinians child are not human .. but what kind of human they are they hv killed 14000 thousands child in GAZA —-human can not do this …
@amh9494
June 7, 2024 at 8:10 am
I guess the grass isn't always greener and the EU isn't utopia.
@YannLeRolland
June 7, 2024 at 8:10 am
Nowadays, debt is not even a problem as long as you're renewing it. In french, we see "faire rouler la dette"
@riichobamin7612
June 7, 2024 at 8:10 am
How can France have deficit inspite of hoarding money of many former French colonies through CFA Franc ?
@mathyeuxsommet3119
June 7, 2024 at 8:10 am
You neglect the fact that french people are financially illiterate and don't care about the deficit(especially not the far-right).
@divyamparmar96
June 7, 2024 at 8:10 am
African neocolonialism is still alive in Françafrique and getting weaker.
@flofld5340
June 7, 2024 at 8:10 am
The French have 5.8 trillion euros in private savings, which is why we are able to borrow money. This month, we issued 4 billion euros in French bonds, and there was a demand for 40 billion euros. Additionally, the total real estate value of French households is estimated to be around 7 trillion euros. In contrast, the state's real estate assets are valued at about 1 trillion euros, spanning around 200 million square meters.
@leckertoastbrot6532
June 7, 2024 at 8:10 am
Idk but the economic to political transition was so funny
@moa3605
June 7, 2024 at 8:10 am
When looting Africans resources stopped,of course France economy will suffer ..like now
@djtomoy
June 7, 2024 at 8:10 am
Sacrebleu!!
@benitasam9171
June 7, 2024 at 8:10 am
Through my research, I’ve found that whatever else the French might be good at, handling finances definitely isn’t one of them.😂😂😂😂
@TheGoncas2
June 7, 2024 at 8:10 am
The French don't care about state debt. Maybe they need a visit from TROIKA to remind them of the consequences.
@Basieeee
June 7, 2024 at 8:10 am
This is why I hate the EU so much, a transfer union to fiscally irresponsible countries.
@good8072
June 7, 2024 at 8:10 am
Taxing your economy at 50% of GDP and having to run a deficit is insane
@shadowqueen2134
June 7, 2024 at 8:10 am
Debt is how the developed nations control the developing ones with arbitrary debt deals. Capitalism doesn't make any sense when running a country. The entire world is brainwashed into thinking the world is what it is without taking a second thought in realizing that these systems are only in place to benefit the people at the top .01% and gaslight you into thinking they have your best interest in mind. We are entering Terminal capitalism where every benefit is stripped and prices go up to their absolute limit so the capitalists can squeeze out their final profit before everything goes to shit.