Already affected by a “toxic cocktail” consisting of the war initiated by Vladimir Putin in Ukraine, the unpredictable trade policy of American President Donald Trump, and the rise of far-right populist parties, Europe is now facing a new crisis: the collapse of the French government, which lasted less than a day in office. The announcement has shaken financial markets, fueling fears about the organization of new elections that could bring the far right closer to power than ever, writes Politico.
In Brussels and other European capitals, officials and diplomats have expressed their fears that the role of President Emmanuel Macron in international issues such as Ukraine and Gaza could be severely weakened. Some even fear that the entire economy of the eurozone could be in danger.
“France is too big to fail, and this endless political instability endangers the entire eurozone,” a European Union diplomat declared. “It is the main subject of all discussions today.”
The fears are not unjustified. France is the second economy of the European Union, a major player in the G7, the bloc’s only nuclear power, and a permanent member of the UN Security Council. Under Macron’s leadership, the country has become one of the most influential political forces in the EU, rivalling Germany.
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