Frankfurter Allgemeine Zeitung wonders why French Preisdent Emmanuel Macron's economic policy is so rejected in France and draws a parallel with reforms led by Gerhard Schröder during the 2000s in Germany. Law professor at HEC Paris Business School Armin Steinbach explains: "France has implemented important structural reforms in recent years. But they suffer from the curse of the non-simultaneity of reform and reform effect, which is politically very costly."