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France is now \u201cthe sick man of Europe.\u201d Switzerland, meanwhile, is ignored \u2014 reduced to clich\u00e9s: a small country, no euro, banks, Nazi gold\u2026<\/p>\n
Yet between 1990 and 2000, the two countries followed almost identical fiscal trajectories: high public debt, rising spending, and mounting pressure on public finances.<\/p>\n
In 2001, Switzerland wrote a debt brake into its Constitution \u2014 and actually enforced it.<\/p>\n
The result: federal debt cut from 24.7% to 12.7% of GDP; cantonal debt from 12.8% to 6.2%.<\/p>\n
Same starting point, opposite discipline, diverging destinies.<\/p>\n
Why do France\u2019s know-it-alls hold the Swiss model in such contempt rather than study it?<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
France is now \u201cthe sick man of Europe.\u201d Switzerland, meanwhile, is ignored \u2014 reduced to clich\u00e9s: a small country, no euro, banks, Nazi gold\u2026 Yet between 1990 and 2000, the two countries followed almost identical fiscal trajectories: high public debt, rising spending, and mounting pressure on public finances. In 2001, Switzerland wrote a debt…<\/p>\n","protected":false},"author":4,"featured_media":32450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_exactmetrics_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"mc4wp_mailchimp_campaign":[],"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\n\n{excerpt}\n\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[648941268,648941256],"tags":[],"class_list":["post-32447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-france-en","category-switzerland"],"yoast_head":"\n