Can France Still Afford Its Generous Welfare State?

France is on the edge of a financial spiral. The global surge in interest rates has exposed the country, once considered an oasis of stability in Europe’s financial markets, as one of the continent’s weakest links. France now pays more to borrow than former crisis hot spots like Greece and Italy. With government debt growing faster than the economy, the pressure on France to rein in its budget deficit has never been higher. CNBC's Liz Napolitano reports. Chapters: 00:00 Introduction 01:04 Chapter 1 - French debt 04:09 Chapter 2 - Protests and political indecision Reporter: Liz Napolitano Produced, Shot and Edited by: Romy Tarantino Animation: Jason Reginato, Emily Park Supervising Producer: Shawn Baldwin Additional Footage: Getty Images » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to get ahead at work? Then you need to learn how to make effective small talk. In CNBC’s new online course, How To Talk To People At Work, expert instructors teach you how to use everyday conversation to gain visibility, build meaningful relationships and advance your career. Sign up now: https://cnb.cx/4sGlSkh Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #cnbc Can France Still Afford Its Generous Welfare State?