Emmanuel Macron was the great liberal hope for France and Europe. How did it all go so wrong? | Oliver Haynes

>When he took office, France’s deficit was 2.6% of GDP, in October 2024 it was at 6.2%. Who were the beneficiaries of such profligacy? They certainly aren’t public-school students and their stressed-out teachers having to work with the biggest classes in Europe. Nor are they the growing numbers of people living in “medical deserts”, where there is insufficient access to doctors or surgeons. The ultra-rich however, have done very well, with the top four fortunes in France increasing by 87% since 2020 according to Oxfam.

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Nah, it’s pensions