Why Is France on Fire?
Cities across France have seen demonstrations, clashes and looting. Underneath much of that anger is a government struggling to pay for the promises it has already made.Cory Klippsten on the economic roots of the unrest: a state that spends 57% of GDP and still borrows to keep doing what it already does, pensions that the voters who turn out most make hard to cut, and a currency France can no longer print.
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Chapters
0:00 Unrest in France
0:55 Outside Money
1:11 Borrowing to stand still
1:37 Pensions and voters
2:52 Work and investment
3:21 The euro
4:13 Leaving the euro
5:19 Already promised
5:33 Close Receive SMS online on sms24.me
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