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France Seizes Another Russia-Linked Oil Tanker as Ukrainian Drones Hit Russian Oil Depots
France on Thursday announced that its forces seized another tanker linked to Russia, which came as Ukrainian drones targeted Russian oil infrastructure, as Russia’s oil industry continues to face pressure from both Ukraine and its Western backers. French President Emmanuel Macron said in a post on X that French forces boarded the tanker Deliver while […]
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France's Debt Spiral: Tax Hikes Mask A Looming Crisis
France's Debt Spiral: Tax Hikes Mask A Looming Crisis
Submitted by Thomas Kolbe
On both sides of the Franco-German border, the same problem persists: overburdened and reform-averse politicians struggle against a rapidly accelerating debt spiral. Their preferred tool: higher levies.
Last week, France’s Finance Minister Roland Lescure reported a revision of the projected budget deficit for the current year.
Initial estimates for 2026 had suggested a deficit well above five percent. Yet numerous fiscal measures brought last year’s deficit down to 5.1%. For 2026, the Finance Ministry expects it to stabilize at around...
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