Europe watches: The man who wants to replace Macron and turn France upside down reveals the big plan

Jean-Luc Mélenchon, the far-left candidate in France, presented a plan that includes nationalizations, restrictions on the wealthy, lowering the retirement age to 60, and converting €600 billion in debt into interest-free loans. He also proposes a new constitution and proportional representation.

Jean-Luc Mélenchon, the far-left candidate in France, presented a comprehensive economic and political plan that includes nationalizing highways and airports, expanding the welfare state, increasing government control over banks and strategic industries, regulating food, energy, and fuel prices, limiting wage gaps, reducing dividend distribution, ending continuous stock trading, confiscating inheritances over €12 million, and lowering the retirement age to around 60. He also proposes converting €600 billion in public debt held by the European Central Bank into interest-free loans. Politically, he seeks to replace the Fifth Republic with a new constitution, introduce proportional representation, expand referendums, and lower the voting age to 16. In energy, he proposes a gradual transition from nuclear to renewables. Mélenchon called for non-alignment in foreign policy and criticized American hegemony. The article notes that his party has not yet presented a cost estimate for the plan, while France's deficit is expected to reach 5.4% of GDP.