So I've thought about this before because the city I'm in has received the same critique. I'm in a 200-something thousand population city that's carrying a billion in debt, so about 5K EUR per inhabitant. Given your numbers that's pretty much about the same amount of city debt for each Parisian.
Big number scary, but looking at it on a per citizen basis is it really that big, or unreasonable a number? Assuming that this debt has been spent rationally on say infrastructure, social housing policies, QoL upgrades for xyz?
Yes, good fiscal policy to keep debt stable or reduce in the long term is necessary, but it sure doesn't seem as doom and gloom as people make it out to be.
You should see how much debt some countries are in... It's an order of magnitude more in the extreme cases.
Big number scary, but looking at it on a per citizen basis is it really that big, or unreasonable a number? Assuming that this debt has been spent rationally on say infrastructure, social housing policies, QoL upgrades for xyz?
Yes, good fiscal policy to keep debt stable or reduce in the long term is necessary, but it sure doesn't seem as doom and gloom as people make it out to be.
You should see how much debt some countries are in... It's an order of magnitude more in the extreme cases.