Le Monde (September 30)
“For a long time, France was in denial….Now, it has been overtaken by its hesitations over how to control public debt.” The pace of fiscal deterioration is “striking,” as is the “dire state of the country’s public finances…. The long-feared runaway debt spiral has now begun. It should be a wake-up call for anyone aspiring to lead France over the next five years.”
Tags: Denial, Dire state, Finances, Fiscal deterioration, France, Hesitations, Overtaken, Pace, Public debt, Runaway, Spiral, Striking
The Guardian (November 26)
“The world’s major central banks are scratching their heads over how to deal with the rising cost of living. Raising interest rates now could deal a blow to the post-pandemic recovery. Wait too long, and inflation may spiral out of control.”
Tags: Central banks, Cost of living, Inflation, Interest rates, Post-pandemic, Recovery, Rising, Spiral, Wait
