Berliner Boersenzeitung - The end of Olympic escapism for gloomy France

EUR -
AED 4.048988
AFN 71.653352
ALL 90.233152
AMD 397.442801
ANG 1.973656
AOA 1011.960474
ARS 1704.382464
AUD 1.628051
AWG 1.984235
AZN 1.878376
BAM 1.951036
BBD 2.220877
BDT 137.145087
BGN 1.95499
BHD 0.415753
BIF 3312.570815
BMD 1.102353
BND 1.419813
BOB 12.873388
BRL 6.246268
BSD 1.102607
BTN 103.857962
BWP 15.412153
BYN 3.303388
BYR 21606.119128
BZD 2.217684
CAD 1.573224
CDF 2551.947633
CHF 0.924565
CLF 0.027875
CLP 1097.084206
CNY 7.354624
CNH 7.358449
COP 3659.778945
CRC 494.093407
CUC 1.102353
CUP 26.463016
CVE 110.401089
CZK 24.405329
DJF 195.910612
DKK 7.476493
DOP 66.917109
DZD 151.273137
EGP 58.978161
ERN 16.535295
ETB 177.534385
FJD 2.483877
FKP 0.832628
GBP 0.834294
GEL 2.855525
GGP 0.832628
GHS 12.925133
GIP 0.832628
GMD 81.574515
GNF 9764.096088
GTQ 8.429301
GYD 230.683524
HKD 8.648676
HNL 29.708842
HRK 7.531237
HTG 144.594927
HUF 364.882711
IDR 20101.848202
ILS 3.545943
IMP 0.832628
INR 103.905536
IQD 1668.962467
IRR 2109614.310597
ISK 136.615035
JEP 0.832628
JMD 174.224538
JOD 0.781612
JPY 176.073379
KES 143.361434
KGS 96.384792
KHR 4497.600695
KMF 492.752185
KPW 992.118101
KRW 1473.366503
KWD 0.34335
KYD 0.918844
KZT 491.483094
LAK 24836.013852
LBP 98715.713034
LKR 366.73942
LRD 187.400397
LSL 18.663257
LTL 3.254962
LVL 0.666803
LYD 7.104708
MAD 10.981314
MDL 20.028816
MGA 5059.800729
MKD 61.545168
MMK 2314.830962
MNT 3972.970265
MOP 8.911016
MRU 44.759659
MUR 52.494468
MVR 16.980358
MWK 1913.685217
MXN 20.433771
MYR 4.504329
MZN 70.444469
NAD 18.663252
NGN 1481.088858
NIO 40.570694
NOK 10.552253
NPR 166.167676
NZD 1.994849
OMR 0.424561
PAB 1.102607
PEN 3.75135
PGK 4.97327
PHP 70.506912
PKR 304.914924
PLN 4.405592
PYG 6843.288459
QAR 4.01725
RON 5.348511
RSD 117.465677
RUB 91.30685
RWF 1627.073053
SAR 4.160787
SBD 8.926521
SCR 15.372648
SDG 663.069392
SEK 11.106249
SGD 1.418953
SHP 0.830054
SLE 25.409646
SLL 23115.795624
SOS 631.101139
SRD 41.327623
STD 22816.481805
STN 24.472237
SVC 9.648438
SYP 14332.794295
SZL 18.663243
THB 37.34225
TJS 10.171722
TMT 3.858236
TND 3.316433
TOP 2.654202
TRY 55.49477
TTD 7.484722
TWD 36.257938
TZS 2920.045358
UAH 50.132575
UGX 4553.879273
USD 1.102353
UYU 44.690863
UZS 13271.228337
VES 1006.315196
VND 28358.582532
VUV 132.649143
WST 3.080921
XAF 655.957
XAG 0.022553
XAU 0.000284217451
XCD 2.979165
XCG 1.987211
XDR 0.779421
XOF 655.957
XPF 119.331742
YER 260.762006
ZAR 18.713826
ZMK 9922.503926
ZMW 22.543641
ZWL 354.957222
SSP 6555.153946
MXV 2.294737
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

The end of Olympic escapism for gloomy France
The end of Olympic escapism for gloomy France / Photo: Ludovic MARIN - POOL/AFP

The end of Olympic escapism for gloomy France

The end of the widely hailed Olympic and Paralympic Games in Paris this weekend will be greeted with pride and relief, as well as trepidation in a country in the throes of a deep political crisis.

Text size:

After months of gloom and self-doubt in the run-up to the start of the Olympics on July 26, Paris and the country at large threw themselves into the spirit of the Games, embracing new national sporting heroes along the way.

The closing ceremony for the Paralympics on Sunday, when the Olympic flame will be extinguished for a final time, will mark the end of six weeks of thrilling sport and almost flawless organisation that produced a sense of escapism from the country's divisions and woes.

"The idea is to finish with a huge party that will prevent the tears of those who might be saying to themselves 'damn it, it's all finished'," chief organiser Tony Estanguet said ahead of a ceremony that will see the national stadium turn into a giant nightclub.

"We're going to have a party and then on Monday maybe we'll be disappointed because it really will be all over," he added.

More than 20 top French DJs from "French touch" legend Cassius to Martin Solveig are set to close out the Games, with a line-up overseen by 76-year-old French electronic music pioneer Jean-Michel Jarre.

"I think that we will all feel a sense of joy, pride, the impression that something is ending that has enabled us feel good together and to show to the world how we can enjoy ourselves," Paris mayor Anne Hidalgo told reporters on Friday.

"I will fight against the idea that we have to move on from this enchanted period to resume our lives and our sad passions," she added.

- Political instability -

She was referring to the morose national mood before the Olympics, made worse by snap parliamentary elections called by President Emmanuel Macron that produced a hung parliament in June.

After more than 50 days without a permanent government, including the entire Olympics period, Macron named a new prime minister on Thursday, 73-year-old former minister and top EU Brexit negotiator Michel Barnier.

Analysts say the country is set for a period of severe instability, with Barnier's grip on power seen as fragile and dependent on tacit support from the far-right National Rally party, which is the largest single party in the new National Assembly.

"One of the positive aspects of the Games was that the political class respected the idea of an Olympic truce," Paul Dietschy, a history and sports professor at the Universite of Franche-Comte in France, told AFP.

"There wasn't chaos, or demonstrations or strikes, and France's image has ended up being boosted," he said.

Other non-events during the Olympics and Paralymics were also cause for celebration.

French security forces helped keep the more than 10 million visitors safe, preventing a much-feared terror attack.

The creaking Paris metro system performed efficiently, defying predictions of travel problems, while the city's bus drivers, garbage collectors and municipal workers kept the city moving, clean and well-organised.

"The state is powerful in France and things worked well," Dietschy added. "The success of the event has contradicted France's pessimism and cynicism and the idea that everything is going badly and is badly organised."

- 'Powerful emotions' -

Although mayor Hidalgo hopes the city and France more broadly can bask in the afterglow of a national triumph, most observers see signs the country is already moving on from its sports-inspired break from reality.

Hidalgo's controversial suggestion to retain the Olympic logo on the Eiffel Tower until the next edition in Los Angeles in 2028 has already divided Parisians and local lawmakers.

"It will remain an interlude, moments of powerful emotions that were experienced at the time," Jean-Daniel Levy, a public opinion expert from polling company Harris Interactive told AFP of the Olympic and Paralympic period.

As with all previous Olympiads, organisers are hoping for legacy achievements which have often proved hard to measure or fleeting in the past.

It remains to be seen whether a short-term spike in interest in sports results in a durable increase in physical activity.

The majority of the public investment linked to the Games has been targeted at regenerating the Seine-Saint-Denis suburb northeast of Paris, which is the mainland's poorest and most crime-ridden area.

"We'll have to wait and see," Dietschy told AFP.

A public audit into the cost of the Games, as well as several criminal investigations into organising committee members, including one targeting the salary of Games supremo Estanguet, could also tarnish the image of the event as a national success story.

(B.Hartmann--BBZ)