France Attempts To Assassinate Ibrahim Traore - France's Economy Collapsing

France Attempts To Assassinate Ibrahim Traore - France's Economy Collapsing

Dec. 30, 2024

Africa Reloaded

“A day to remember the casual and lethal racism of Europeans, Brits and Americans towards Asians and Africans, whom they deemed unworthy of enjoying their human rights as long as they could continue to control those peoples' territory and resources by force.” ~Gareth Porter, American historian, investigative journalist

For the first time in a long time, France is facing a political and economic crisis. It is grappling with high public debt, soaring energy prices, and rising interest rates. While the general idea is that the economic crisis is a result of internal factors, we can't help but draw a correlation between France’s current economic crisis and a reduction in its influence in Africa.

As you know, France’s strong influence in Africa has drastically dropped in recent times. This is a result of the coups that occurred in the continent, especially in the Sahel region. Its military and economic interests in these nations have been cut short.

And the reason for all this is thanks to the determination and courage of President Ibrahim Traore and his allies to end France's dominance in their countries. But how has this affected France? Let's find out.

As we said, France is in an economic crisis. According to Rama Yade, senior director of the Atlantic Council’s Africa Center, public debt in France has increased by more than half in seven years, from €2 trillion to €3.2 trillion.

Not to mention, France has 9 million people living in poverty, an increase in factory closures, and a foreign trade deficit of around €100 billion in 2023 – a sign of an accelerated de-industrialization of the French economy. Denis Ferrand, head of Paris-based economic research institute Rexecode, confirmed a similar notion, stating that the French economy has weakened over the past few years.

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Original : https://youtu.be/gTjWr-GDcQA

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