Population: 66 million
Area: 641,000 km2
GDP: $2.7 trillion
GDP (per capita): $36,000
United Nations Security Council Veto: Yes
France has been at the centre of European history for over 1100 years. In Europe, the only country that's been in more wars is Austria (although largely powerless now, before the 20th century Austria dominate Central European affairs). France had a huge empire and once nearly conquered all of continental Europe bar a disastrous attempt to invade Russia in the winter. These days France is still pretty powerful, having the 6th largest military expenditure in the world and veto power on the United Nations Security Council. It also has close ties to its European neighbours. France's future, however, is not all that rosy.
Area: 641,000 km2
GDP: $2.7 trillion
GDP (per capita): $36,000
United Nations Security Council Veto: Yes
France has been at the centre of European history for over 1100 years. In Europe, the only country that's been in more wars is Austria (although largely powerless now, before the 20th century Austria dominate Central European affairs). France had a huge empire and once nearly conquered all of continental Europe bar a disastrous attempt to invade Russia in the winter. These days France is still pretty powerful, having the 6th largest military expenditure in the world and veto power on the United Nations Security Council. It also has close ties to its European neighbours. France's future, however, is not all that rosy.
One
problem France is going to experience is population growth, or lack
thereof. Currently France is the 21st largest country in the world with
65 million people, but by 2050 it is expected to drop to the 25th
largest. Although its population will have risen to 69 million, it will
have been shrinking since 2040. One way to reverse this would be to
increase the amount of immigrants to France, but the French populace
doesn't like that idea much.
Although
France's finances are not in the dire state that some of its European
neighbours are in, economic prospects are gloomy. Since Hollande took
power last year France's economy has barely improved. France is also
vulnerable because it is in the Eurozone, which means the PIIGS
(Portugal, Ireland, Italy, Greece and Spain) countries' troubles are
France's troubles. Its banking sector is particularly at risk from a
Greek default due to the amount of money French banks have lent in
Greece. Another Great Recession could hold France back for too long.
One
option France has is to move to closer ties within Europe. More fiscal
policy and banking integration with Euro currency countries. This
obviously has massive problems and rather glaring obstacles. To pull
closer to political integration requires the other countries to do the
same. There is increasing euro-scepticism in many Euro countries,
particularly in the Netherlands and Finland. The problem is that fiscal
integration can only happen it all countries currently using the euro
agree to do this. Hollande must convince the Northern Europeans to
stimulate the PIIGS economies, rather than demand austerity which simple
makes the situation worse.
Another
issue facing France is the rise of the extreme right epitomised by
Marine Le Pen and her party, the National Front. If we ignore the
obvious historical similarities between this and the rise of Hitler
following the Great Depression in 1929, this is still an issue for
France. Le Pen is an isolationist, similar to Nigel Farage in the UK
except more extreme, she wants out of the Eurozone, the EU and Schengen
Area as well as reducing immigration by over 95%!
So
France faxes three main issues; isolationism, population decline and
economic turmoil in Europe. Solving the economic trouble will be
difficult, but would go a long way to reducing isolationism. The
population decline problem can be fixed by immigration policies that the
French won't like.
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