3min chapter

Economics Explained cover image

Why France's Pension Protests Are So Important Interview with Dr. Tomasz Michalski

Economics Explained

CHAPTER

The Effects of the Strikes on the Economy

France has a debt burden approaching 100% of GDP do you think this could be a catalyst for another major economic crisis in France or across Europe. Do you think it will peter out and it'll be just another French right that we hear about in the history books? The largest drag on the economy is actually the strikes in schools because that keeps working parents away from work but even then in comparison to say 95 when the impact was the largest after a three week closure of the entire country by now they're not what's happening now.

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