Bill Mitchell: French protests reflect the dysfunctional architecture of the common currency

The problems facing France and its Euro Member State partners is that they are boxed in fiscally and the longer-term consequences of being boxed in for a few decades are now manifesting.

There is no way out while they persist with membership of the common currency.

Turning to the Far Right is not the answer given that Marine Le Pen is now proposing harsh austerity as the answer while claiming to want to improve the health and education system.

It seems that only Jean-Luc Mélenchon, leader of La France Insoumise offers a solution yet how far the European elites will go to stop his (unlikely) election in next April’s Presidential runoff is anyone’s guess.

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