Emmanuel Roman, head of Pimco — one of the world's largest asset management firms — has expressed concerns about signals from global financial markets regarding France's growing public debt. At the same time, in the National Assembly, lawmakers are preparing to debate nearly 1,700 budgetary amendments, creating a complex and chaotic process. The country is facing a financial crisis, and its leaders remain divided over how to address it. The National Rally (RN), a right-wing political party, has proposed a plan to save 140 billion euros by 2032. However, economists believe this figure is overly optimistic, and the details of how these savings would be achieved are still unclear. This plan comes amid growing concerns about France's fiscal health, particularly as the nation struggles to balance its budget and reduce its debt. Roman, whose firm manages over 2,000 billion dollars in assets, has warned that France is "playing with fire" in its economic policies. In an interview with Le Monde, he emphasized that financial markets are sending a clear signal about the risks of France's current approach. Unlike political figures or media commentators, Roman's role is to assess the economic stability of nations, and he has made it clear that France's current path is unsustainable. Meanwhile, the National Assembly is beginning to examine the 2027 budget proposal, which includes 45 billion euros in savings, up to 18 billion euros in potential tax increases, and 1,700 amendments. This process highlights a nation that struggles to implement meaningful reforms but excels at complicating its own governance. While countries like Ireland are managing their finances with surpluses and tax cuts, France remains focused on how best to tax its citizens rather than how to reduce its debt. Marine Le Pen, leader of the National Rally, has introduced her own counter-budget, promising 140 billion euros in savings by 2032 as part of a "renewal of France." While the title of the plan is ambitious, the details are less so. Economists and Le Figaro have pointed out that the savings are likely overestimated, while spending is underestimated, and growth projections are more wishful thinking than realistic. While such a proposal can spark necessary debate, the lack of clear strategies for achieving these savings reflects the broader issue of France's fiscal management. What is striking is that neither the right nor the left in France fully acknowledges the scale of the problem. Reducing the structural deficit requires deep reforms — of public services, pensions, and social benefits — not superficial changes that are accompanied by political slogans. Countries like Germany, the Netherlands, and Switzerland have successfully reformed their economies, controlled spending, and maintained competitiveness. France, however, continues to delay action, waiting for an ideal moment that will never arrive. France's 223 tax loopholes, the 8,000 additional state employees planned for 2027, and its ongoing failure to simplify business regulations all send a clear message to international investors. Emmanuel Roman has politely conveyed this warning, but the bond markets will not be as kind. When the financial consequences become unavoidable, it will be too late to complain. France does not need a rebirth — it needs a wake-up call.