France's finances are in turmoil. Here's how it came to this

"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."

"France's finances and politics are in turmoil. President Emmanuel Macron has just appointed his fourth prime minister in 12 months, the deficit is out of control, borrowing costs are rising and parliament can't muster a majority to tackle spending. It's a serious comedown for a major industrial power that has the second-largest economy in Europe. Here's how France found itself in this state of affairs: First the pandemic,"

The Independent deploys journalists across issues from reproductive rights to climate change and Big Tech, relying on donations to send reporters without imposing paywalls. The outlet investigates financial and political stories, produces documentaries highlighting rights campaigns, and emphasizes parsing facts from messaging. France faces a political and fiscal crisis with four prime ministers appointed in 12 months, runaway deficits, rising borrowing costs, and a fragmented parliament unable to pass spending reforms. The country last balanced its budget in 1973, sustained a generous welfare state, and accumulated debt over 90% of GDP since 2008, which had been manageable due to growth, near-zero interest rates, and a solid credit rating.

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