PARIS: It takes a Gaullist president to undermine the foreign policies France has pursued ever since the presidency of General Charles de Gaulle. Of course, this is not an out-and-out insubordination from de Gaulle's world and European vision. But in many ways President Jacques Chirac is distancing himself from his hero's foreign policy ideas and structures.
Even though the post-ideological and nationalist tenor of today's global politics appear to confirm many of the things General de Gaulle prophesied in the 1960s, the world nowadays is sufficiently different from the one in which he lived that it is hard to say with certainty how the General would react to current events. Yes, the General treated Franco-German reconciliation as of primary importance in building a new and secure Europe. So in this respect, President Chirac is following in de Gaulle's footsteps. But it is hard to believe that the General would have approved of the scheme for a single European currency which Chirac openly supports.
That surrender of national sovereignty, indeed, seems very different from the heart of de Gaulle's grand vision for France. Moreover, the veto that the General wielded powerfully to protect French interests in Europe (remember his famous "NON" to British membership in the early 1960s) also seems to be something President Chirac is willing to sacrifice.
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While carbon pricing and industrial policies may have enabled policymakers in the United States and Europe to avoid difficult political choices, we cannot rely on these tools to achieve crucial climate goals. Climate policies must move away from focusing on green taxes and subsidies and enter the age of politics.
explains why achieving climate goals requires a broader combination of sector-specific policy instruments.
The long-standing economic consensus that interest rates would remain low indefinitely, making debt cost-free, is no longer tenable. Even if inflation declines, soaring debt levels, deglobalization, and populist pressures will keep rates higher for the next decade than they were in the decade following the 2008 financial crisis.
thinks that policymakers and economists must reassess their beliefs in light of current market realities.
PARIS: It takes a Gaullist president to undermine the foreign policies France has pursued ever since the presidency of General Charles de Gaulle. Of course, this is not an out-and-out insubordination from de Gaulle's world and European vision. But in many ways President Jacques Chirac is distancing himself from his hero's foreign policy ideas and structures.
Even though the post-ideological and nationalist tenor of today's global politics appear to confirm many of the things General de Gaulle prophesied in the 1960s, the world nowadays is sufficiently different from the one in which he lived that it is hard to say with certainty how the General would react to current events. Yes, the General treated Franco-German reconciliation as of primary importance in building a new and secure Europe. So in this respect, President Chirac is following in de Gaulle's footsteps. But it is hard to believe that the General would have approved of the scheme for a single European currency which Chirac openly supports.
That surrender of national sovereignty, indeed, seems very different from the heart of de Gaulle's grand vision for France. Moreover, the veto that the General wielded powerfully to protect French interests in Europe (remember his famous "NON" to British membership in the early 1960s) also seems to be something President Chirac is willing to sacrifice.
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