Even over France where you HEAR NOTHING about in our large news bulletins from @NOS and @RTLnieuws Specifically about the riots in a large part of the country. The extreme-left movement LFI is reportedly involved according to intelligence services. La France Insoumise (LFI) is the largest extreme-left party in France. Jean-Luc Mélenchon founded it in 2016 after his split from the Socialist Party and the earlier Front de Gauche. LFI calls itself a "movement" and not a party. Key points: • Economic: higher minimum wage, retirement back to 60, price caps on basic goods, heavier taxation on wealth and high incomes, more public investments. • "Ecological planning": a state-driven climate transition. • Institutional: a new constitution (a "Sixth Republic") with less power for the president. • EU: disobedience to existing treaties if they block the program. There is no formal Frexit position, but the party is outspokenly critical of the EU. • Foreign policy: critical of NATO and very pro-Palestinian. I give you the bund spread: the interest rate difference between the French rate and the German rate on government debt. You see: the market no longer trusts it either. Fasten your seatbelts, this is not going away. Ps: The Netherlands can no longer be in a monetary union with France. #Frankrijk #LFI #Politiek (translated)
