Very whataboutist view.
The problem is much more complex. Yeah, France with it's generous holidays, substantial pensions combined with a young retirement age has allowed their boomer population to live above its means. However, this is true for most of the western world.
The other problem is that the era of cheap money has come to an end, and France, like many countries, hoped that they could kick the can down the road a little bit longer so that, by then, the boomers would be dead. Without the biggest cohort (which is the one that votes the most) you could do reforms to lower lavish pensions, make them pay a bit more for healthcare, ... .
So now, with an oil shock that is slowly spreading to other facets of the economy France is fucked because it can't lower taxes to give their population more breathing room because of the above mentioned problems. Italy for instance, has now a lower yearly deficit than France and can borrow at considerably cheaper rates and It used this freedom to lower taxes on fuel since Hormuz closed.
The problem is much more complex. Yeah, France with it's generous holidays, substantial pensions combined with a young retirement age has allowed their boomer population to live above its means. However, this is true for most of the western world.
The other problem is that the era of cheap money has come to an end, and France, like many countries, hoped that they could kick the can down the road a little bit longer so that, by then, the boomers would be dead. Without the biggest cohort (which is the one that votes the most) you could do reforms to lower lavish pensions, make them pay a bit more for healthcare, ... .
So now, with an oil shock that is slowly spreading to other facets of the economy France is fucked because it can't lower taxes to give their population more breathing room because of the above mentioned problems. Italy for instance, has now a lower yearly deficit than France and can borrow at considerably cheaper rates and It used this freedom to lower taxes on fuel since Hormuz closed.