Spain’s former foreign minister warns that failure to control debt will detrimentally impact future generations

Spain’s former foreign minister warns that failure to control debt will detrimentally impact future generations

The new French government is facing a multitude of challenges as it navigates questions surrounding its democratic legitimacy and grapples with a significant public debt that has raised concerns among its European Union partners. Former Spanish foreign minister Arancha Gonzalez Laya, who now serves as the dean of the Paris School of International Affairs, sheds light on the economic outlook facing France in a recent interview.

During the discussion, Gonzalez Laya emphasizes the importance of controlling debt in order to avoid handicapping future generations. The implications of overwhelming debt can have long-lasting effects on a country’s economy and its ability to invest in the future. As France works to address its economic challenges, it must also consider the broader implications for the EU and its member states.

In addition to economic concerns, the interview also touches on Ursula von der Leyen’s new line-up at the European Commission and the current geopolitical challenges facing the EU, including issues surrounding migration and conflicts in the Middle East. These complex and interconnected challenges require thoughtful leadership and diplomatic solutions in order to ensure stability and prosperity for all member states.

As France and the EU continue to navigate these challenges, it is clear that collaboration and cooperation will be essential in addressing the pressing issues facing the region. The insights shared by Gonzalez Laya provide valuable perspective on the economic outlook for France and the broader implications for the EU as a whole.

Watch the video by FRANCE 24 English

Video “Failing to control debt handicaps future generations: Spain’s former foreign minister” was uploaded on 09/20/2024 to Youtube Channel FRANCE 24 English