France’s fate matters to Europe and the world at large. France is the world’s fifth-largest economy (and the second-largest in Europe, after Germany), so what happens in the country impacts growth for the region overall. It is critical for all of Europe for France to get its act together and its economy moving. That, however, is not happening.
The French economy has been in gradual decline for years, without any President or administration having done anything decisive about it. But now, ignoring the problems is no longer an option.