Billionaires rushed to save Notre Dame. Economists now say they may have pledged more than needed.
By Rick Noack Rick Noack Foreign affairs reporter focusing on Europe and international security Email Bio Follow April 25 at 7:17 AM There are urgent causes for which aid groups have for years failed to collect enough money: The plight of Iraqi Christians, for instance; or food for those suffering through what the U.N. has called the “world’s worst famine in 100 years,” in Yemen.
The calculation is not an official estimate and groups dedicated to preserving French cultural heritage cautioned that the final costs could be higher. In this April 15, 2019 photo, flames and smoke rise from the blaze at Notre Dame Cathedral in Paris that destroyed its spire and its roof but spared its twin medieval bell towers, and prompted a frantic rescue effort to save its most precious artifacts. As the pledges were made, individuals associated with France’s wealthiest families argued the donations were tributes to the historical and cultural significance of Notre Dame.
France has some of Europe’s highest taxes and social inequalities are still less severe than in the United States, but anger over President Emmanuel Macron’s failure to reduce income gaps has mounted.
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