[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-640037-105":3,"detail-sidebar-cat-0-en-105":81,"doc-detail-640037-en":130},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":74,"head_meta":76,"extra_data":78,"updated_unix":80},105,"en","debt-trap-how-france-came-undone-once-again-opinion","Debt trap, How France came undone once again - Opinion","","Opinion piece examining how France’s approach to cushioning public anger through tax cuts and wage increases is faltering amid renewed unrest. It links student and school protests to deteriorating conditions, bond-market stress, and investor uncertainty as debt costs rise. The analysis also broadens into a global context of fiscal instability and populism, highlighted by India’s sugar crisis driven by El Niño, drought impacts, and rising food prices.",{"@graph":14,"@context":73},[15,34,56],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/debt-trap-how-france-came-undone-once-again-opinion/640037/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/debt-trap-how-france-came-undone-once-again-opinion/640037.png","ImageObject",300,407,{"name":42,"@type":43},"Grenda","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-30","2026-10-22",true,{"@type":52,"interactionType":53,"userInteractionCount":55},"InteractionCounter",{"@type":54},"ViewAction",9,{"@type":57,"mainEntity":58},"FAQPage",[59,65,69],{"name":60,"@type":61,"acceptedAnswer":62},"Why is France struggling to calm unrest in the streets?","Question",{"text":63,"@type":64},"The government faces limits in using spending to ease protests because it is also dealing with a potential bond market crisis and investor concern over fiscal management amid high interest rates and political uncertainty.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What role do bond-market fears play in the French situation?",{"text":68,"@type":64},"Investors have been dumping French debt due to doubt about the government’s ability to manage its budget, and further large financial commitments could worsen investor unease.",{"name":70,"@type":61,"acceptedAnswer":71},"How does the document connect India’s sugar crisis to global conditions?",{"text":72,"@type":64},"It describes rising global sugar prices and crop risk tied to El Niño–driven extreme weather, alongside vulnerability to oil supply shocks, showing how those forces can push food prices higher worldwide.","https://schema.org",{"og:url":32,"og:type":75,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":77,"canonical":32},"index,follow",{"doc_id":79,"site_id":7},640037,1793147925,{"code":4,"msg":82,"data":83},"success",[84,88,92,96,101,106,111,115,119,122,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},"Story & 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\nGOES ELECTRIC  \nORIGIN STORY  \nA WELL-WORN FORMULA  \nPAGE TWo  \nPAGE 7 |BUSINESS  \nPAGE 12 ISTYLE  \nCbcNcw llork cimes  \n                           INTERNATIONAL EDITION I THURSDAY,OCTOBER 22,2026                             \n# Debt trap,\n\nHow Francecame undoneonce again  \npopulism  \nand unrest  \nroil France  \nLONDON  \nBret Stephens  \nMacron,like many peers,  \nmust balance public anger  \nand bond investors'unease  \nOPINION               \nBY ESHE NELSON  \nAmerican liberals have often looked to  \nAND JIM TANKERSLEY  \nFrance for a model of what they would  \nlike to see in the United States:univer-  \nWhen protests over high gas prices  \nsal health care;low-cost day care;  \nripped through France in 2018,Presi-  \naffordable universities;strong worker  \ndent Emmanuel Macronoffered toenact  \nprotections;sacrosanct social benefits;  \nabout SII billion in tax cuts and wage in-  \nhigh taxes;large investments in green  \ncreases to try to quell the unrest.  \nenergy;a secular republic in a multi-cultural society;constrained defense  \nToday,after protests over education  \nturned violent,Mr.Macron is in no posi-tion to use money to bring calm to the  \nbudgets;modest economic growth but  \nlots of joie de vivre.  \nstreets.  \nFor a long time that model seemed  \nThat's because the French govern-ment is also fighting the prospect of a  \nalmost plausible.Not anymore.What has unfolded inFrance in  \ncrisis in its bond market.Investors have  \nrecent weeks—student protests  \nbeen dumping French debt,unsure of  \nagainst deteriorating schools turning  \nthe government's ability to manage itsbudget amid highinterest rates and po-  \ninto mass demon-  \nAmodel for  \nstrations against  \nlitical uncertainty.  \ndeteriorating eco-  \nAnnouncing a big financial commit  \nprogressivepolicies has  \nment to mollify protesters would proba-bly rattle investors further and lead to  \nnomic conditions  \nturning into violence  \nbecome a  \nand rioting against  \nTending to sugarcane in Maharashtra,an Indian state where the crop has been stunted by heat and scant rains.\"This environment is not good for sugarcane,\"one farmer said.  \nanother jump in the government's bor-  \nmodel for  \nthe state itselfon a  \nrowing costs.Mr.Macron,approaching  \ntheir flaws.  \nlevel not seen in  \nthe end of his time in office,is leading a  \n# Indias global sugar crisis\n\nyears,and all this  \ncentrist government without a govern-  \nahead of presidential  \ning majorityHe is left in a tight spot:  \nelections that could wind up pitting the  \nBoth inaction and more spending could  \nextremeleft ofJean-Luc Melenchon  \nexacerbate France's troubles and givepopulist politicians running for his seat  \nagainst the extreme right of Marine Le  \nPen-are scenes from a country  \nnext year a bigger opening to attract ag-  \nPatilexpected his yields to be 70percent  \ncoming unglued.  \ngravated voters  \nLATUR,INDIA  \nThat's not because its finances or  \nlower than normal  \nFrance is not theonly country facinga  \npolitics are broken,although both are.  \nThe bank repossessed his tractor be-  \ndebt trap.As borrowing grows in manywealthy nations,populist political par-  \nMore deeply broken are the promises  \ncause of unpaid loans.His neighbors  \nYields withered by El Nino  \nthat were supposed to hold the country  \nwatched it happen.Mr.Patil swalowed  \nties are surging.Experts warn the mix  \ninsecticide in a bid to end his life,only to  \ntogether:that the young would findopportunity and the old would have  \nhurt farmers and push up  \ncould combust into an economic crisis.  \nbe rescuedby his family and rushed to a  \nGovernments face a \"doom loop,\"inwhich market turmoil and political tu-  \nprices around the world   \nsupport;that the country could carry  \nhospital  \non as avastentitlement statewithout  \n\"I was overwhelmed,\"he said.  \nmult feed off each other,according to Mi-  \nThen came the medical bills.He bor-  \nc","cbCainsNUheEliSG","https://ap.wps.com/l/cbCainsNUheEliSG","pdf",30766747,16,"English","# Debt trap\n## France and unrest\n## Bond-market pressure and fiscal uncertainty\n## India’s global sugar crisis","[{\"question\":\"Why is France struggling to calm unrest in the streets?\",\"answer\":\"The government faces limits in using spending to ease protests because it is also dealing with a potential bond market crisis and investor concern over fiscal management amid high interest rates and political uncertainty.\"},{\"question\":\"What role do bond-market fears play in the French situation?\",\"answer\":\"Investors have been dumping French debt due to doubt about the government’s ability to manage its budget, and further large financial commitments could worsen investor unease.\"},{\"question\":\"How does the document connect India’s sugar crisis to global conditions?\",\"answer\":\"It describes rising global sugar prices and crop risk tied to El Niño–driven extreme weather, alongside vulnerability to oil supply shocks, showing how those forces can push food prices higher worldwide.\"}]","Debt trap, How France came undone once again - Opinion | PDF",1792707137]