France’s Debt Crisis Is Not About Selling Assets
France’s growing debt problem is often framed incorrectly. The issue is not primarily about selling off government assets or implementing superficial austerity measures. From our point of view, real austerity means allowing more market pricing to function within the French economy.
If France is unwilling to move in that direction, then the most realistic alternative may be to abandon the euro and return to a national currency, the franc. The core problem is not the euro itself, but French regulatory policy, which is built around extensive price control mechanisms.
Price Controls and the Minimum Wage Problem
France relies heavily on price controls, but the most visible and damaging example is its minimum wage policy. The French minimum wage continues to rise despite stagnant productivity.
This creates a situation where private sector growth is stunted, while the welfare state expands. Workers are paid more money for the same output, while expecting to draw more benefits from the same limited pool of capital.
Job protections that discourage innovation further compound the problem. Employers face high costs and limited flexibility, which reduces competitiveness and discourages investment.
Strained by the Euro and the Welfare State
France is simultaneously bound to the European Union’s fiscal rules and committed to a large welfare state. These two systems are increasingly incompatible.
With strict EU financial obligations and an inflexible domestic labor market, France is not economically viable in its current structure. The country is heading toward an economic breaking point.
Even if France still had its own currency, a collapse would likely occur. The difference is that a sovereign currency would shift responsibility inward, forcing France to confront the sustainability of its welfare system directly rather than hiding behind EU constraints.
A Christian Perspective on Welfare and Coercion
For transparency, as a Christian, I do not believe in government welfare. Coming to Christ is voluntary, not forced.
As a Christian, I cannot force anyone to work, nor can I force anyone to believe. When the state finances people not to work or to reject market pricing for their labor, others are forced to subsidize that choice.
In that system, individuals who may be openly anti-Christian are supported through coercion. That makes others economic servants to ideologies that often support censorship and hostility toward faith.
Why Credit Markets Depend on Market Pricing
Many people misunderstand austerity. In 2025, austerity does not simply mean selling government assets.
Credit markets exist to evaluate ideas. If what you offer is valuable and in demand, you become the creditor. Innovation increases efficiency, and efficiency creates growth.
Government intervention often destroys efficiency because governments attempt to act as a substitute for God, trying to please everyone. This is fundamentally anti-Christian.
God gives life and purpose. No single human institution can satisfy everyone, and attempts to do so inevitably fail.
Censorship, Language, and Economic Decline
When words are banned, progress is banned. Political speech restrictions destroy productivity.
In France, opposition struggles to frame economic arguments because the population has become accustomed to using political pressure and moral intimidation to extract resources.
This is how ancient cultures and modern systems alike suppress progress. Language is hijacked. Words like liberty and progress are redefined to justify bigger government and tighter control.
True liberalism means liberty from tyranny and overreaching government. That meaning has been inverted.
The Endgame for France
France is nearing the end of its current economic model.
Under the euro, France will collapse unless the European Union provides special financial accommodations that allow France to continue borrowing while dismantling itself internally.
Leaving the euro and restoring the franc would almost certainly trigger a sovereign debt crisis. However, that crisis would force real solutions rather than endless denial.
Final Thoughts
France’s problem is not currency alone. It is a system built on price controls, entitlement expectations, and censorship of economic reality.
Without market pricing, productivity cannot grow. Without productivity, debt becomes unmanageable.
Jesus Christ is the answer. Consider making Jesus Christ your Lord and Savior today.