France has become the new sick man of Europe just in time for its next presidential election. After two weekends that saw hundreds of thousands of protesters hit the streets demanding the government increase teacher salaries, fix run-down schools and help subsidize the rapidly rising cost of living, the European Union’s second-biggest economy is being dragged into a vicious cycle of twin fiscal and social crises that are fueling each other. “France is on the brink of a financial crisis,” former Prime Minister Michel Barnier told POLITICO. “We need to send a signal to the markets.” Authorities were able to prevent the type of rioting and looting this past weekend that marked the first round of demonstrations Oct.
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