over his brief and ill-fated
What does high US debt mean for the average American?If the US government is spending more on debt interest repayments, it can affect budgets and public spending as it becomes more costly for the government to sustain itself.
The government may raise taxes to generate more revenue to pay down its national debt, increasing costs for average people. Increasing debt could also lead to higher interest rates, making mortgages, car loans and credit card debt more expensive.The vote, held in the backdrop of a martial law bid by ex-President Yoon Suk-yeol, could also affect Seoul’s approach towards the US, China and Japan, say analysts.Voters in South Korea are choosing a new president to replace Yoon Suk-yeol who was impeached and
over his brief and ill-fatedThe snap election on June 3 is pivotal, with implications for South Korea’s democratic future, as well as its ties with China, the United States and its nuclear armed neighbour, North Korea.
The winner – who will serve a single term of five-years – faces the task of addressing the fallout from the martial law decree, which lasted six hours but unleashed political chaos, including mass protests, a riot at a court and three caretaker leaders in six months.
The new president will also have to tackle a deepening economic downturn and manage tariff negotiations with the US, which has imposed a 25 percent levy on key exports such as steel, aluminium and automobiles.However, the trickle of aid entering the strip under the control of a new, shadowy NGO backed by Israel and the United States has been accompanied by intensive bombardment and the shooting of Palestinians desperately trying to reach aid distribution points.
In his comments, Macron called for an end to assumptions that Israel is respecting human rights.“But I still hope that the government of Israel will change its stance and that we will finally have a humanitarian response,” he added.
The French leader also stressed that recognition of a Palestinian state is “not only a moral duty, but a political necessity,” although he added that its establishment would need to come under specific conditions.His remarks followed a joint statement earlier in the week with Indonesian President Prabowo Subianto condemning any Israeli plans to seize control of Gaza or expel its population.