{"id":39517,"date":"2024-12-16T11:52:29","date_gmt":"2024-12-16T16:52:29","guid":{"rendered":"https:\/\/newssprinters.com\/index.php\/world\/the-eus-two-biggest-economies-are-grappling-with-political-uncertainty\/16\/12\/2024\/"},"modified":"2024-12-16T11:52:29","modified_gmt":"2024-12-16T16:52:29","slug":"the-eus-two-biggest-economies-are-grappling-with-political-uncertainty","status":"publish","type":"post","link":"https:\/\/newssprinters.com\/index.php\/world\/the-eus-two-biggest-economies-are-grappling-with-political-uncertainty\/16\/12\/2024\/","title":{"rendered":"The EU&#8217;s two biggest economies are grappling with political uncertainty"},"content":{"rendered":"<p>\n<\/p>\n<div data-article-body=\"true\">\n<h3 class=\"col-body mb-4 text-lg font-bold\">The News<\/h3>\n<p class=\"col-body mb-4 text-lg md:leading-8 break-words min-w-0\">The European Union\u2019s heavyweights France and Germany are grappling with political challenges, with the former hit by a credit ratings downgrade and the latter a government confidence vote.<\/p>\n<p class=\"col-body mb-4 text-lg md:leading-8 break-words min-w-0\">French leaders have <a href=\"https:\/\/www.lemonde.fr\/en\/politics\/article\/2024\/12\/15\/france-s-new-pm-bayrou-faces-budgetary-challenges-as-moody-s-downgrades-credit-rating_6736098_5.html\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:struggled to pass a budget;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">struggled to pass a budget<\/a> in the face of far-right opposition, with a third prime minister in a year picking up the pieces from President Emmanuel Macron\u2019s summer snap elections that saw centrist and moderate parties lose huge support.<\/p>\n<p class=\"col-body mb-4 text-lg md:leading-8 break-words min-w-0\">German Chancellor Olaf Scholz, meanwhile, lost a confidence vote Monday, paving the way for February elections that will likely see him ousted from power. The verdicts on his rule so far have not been pretty: \u201c<a href=\"https:\/\/www.zeit.de\/politik\/deutschland\/2024-12\/ampel-bilanz-erfolge-erneuerbare-energie-buergergeld-fachkraefte\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:It wasn\u2019t all bad;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">It wasn\u2019t all bad<\/a>,\u201d was the best Die Zeit could come up with.<\/p>\n<h3 class=\"col-body mb-4 text-lg font-bold\">SIGNALS<\/h3>\n<h3 class=\"col-body mb-4 text-lg font-bold\">France\u2019s new prime minister has the same problems as the old prime minister<\/h3>\n<section class=\"col-body mb-4 text-lg md:leading-8 break-words min-w-0\">Sources: Le Monde, The Guardian, Politico<\/section>\n<p class=\"col-body mb-4 text-lg md:leading-8 break-words min-w-0\">France\u2019s political landscape is defined by strife, with French outlet Le Monde arguing that now is the time to \u201c<a href=\"https:\/\/www.lemonde.fr\/en\/les-decodeurs\/article\/2024\/07\/22\/which-political-groups-make-up-france-s-new-assemblee-nationale_6694057_8.html\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:get a grip;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">get a grip<\/a>.\u201d President Emmanuel Macron, who is <a href=\"https:\/\/www.theguardian.com\/world\/2024\/dec\/05\/macron-vows-to-stay-on-as-french-president-and-will-appoint-pm-within-days\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:struggling to hold onto power;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">struggling to hold onto power<\/a>, has picked centrist Fran\u00e7ois Bayrou as his third prime minister of the year, but all the old problems remain: The far right is ascendant, the centrists have lost acres of political ground, and the government is in a deadlock. Despite that, Marine Le Pen\u2019s far right National Rally \u2014 <a href=\"https:\/\/www.politico.eu\/article\/marine-le-pen-salute-positive-talk-meeting-francois-bayrou-france\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:responsible for toppling the last government;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">responsible for toppling the last government<\/a> \u2014 may yet come around: After meetings with Bayrou, Le Pen said she felt \u201cheard\u201d by the new leader.<\/p>\n<h3 class=\"col-body mb-4 text-lg font-bold\">France, Germany are mired in economic woes<\/h3>\n<section class=\"col-body mb-4 text-lg md:leading-8 break-words min-w-0\">Sources: ING, Euronews<\/section>\n<p class=\"col-body mb-4 text-lg md:leading-8 break-words min-w-0\">Germany <a href=\"https:\/\/think.ing.com\/snaps\/german-economy-avoided-summer-recession-but-winter-recession-is-looming\/\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:narrowly missed falling into recession;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">narrowly missed falling into recession<\/a> this summer, while France has the highest deficit among Eurozone economies, so it is perhaps no surprise that disagreements over their respective budgets have pushed their governments toward collapse. With Germany unable to hold an election until February and France until June 2025, both countries have generated a \u201c<a href=\"https:\/\/www.euronews.com\/my-europe\/2024\/12\/05\/political-crises-in-france-and-germany-spell-more-trouble-for-europes-ailing-economy-analy\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:political vacuum;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">political vacuum<\/a>\u201d in Europe, Euronews wrote. Unstable leadership could also hamper the bloc\u2019s effort to address sputtering competitiveness and the threat of trade tariffs from both China and the US, and Russian aggression on its borders.<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.yahoo.com\/news\/eus-two-biggest-economies-grapple-123231370.html\" target=\"_blank\" rel=\"noopener nofollow\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The News The European Union&rsquo;s heavyweights France and Germany are grappling with political challenges, with the former hit by a credit ratings<br \/><button class=\"read-more\"><a href=\"https:\/\/newssprinters.com\/index.php\/world\/the-eus-two-biggest-economies-are-grappling-with-political-uncertainty\/16\/12\/2024\/\">Read More &rsaquo;<\/a><\/button><\/p>\n","protected":false},"author":1,"featured_media":39519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[2],"tags":[],"_links":{"self":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/39517"}],"collection":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/comments?post=39517"}],"version-history":[{"count":0,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/posts\/39517\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media\/39519"}],"wp:attachment":[{"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/media?parent=39517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/categories?post=39517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newssprinters.com\/index.php\/wp-json\/wp\/v2\/tags?post=39517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}