Politicians and economists differ on the solution to settle the country’s debt burden, which is close to 120% of GDP.
If there is one area where Emmanuel Macron will fail when the time comes to take stock, it is that of the country’s over-indebtedness. In other words, a boulevard for the opposition which, fifteen months before the presidential election, has already invested in the question of the cancellation of part of the debt, causing differences both on the left and on the right. .
The figures are, it is true, dizzying. By force of circumstances – a health crisis – France has gone into debt like never before to try to save the French economy since March. In the third quarter of 2020, the public debt thus reached 116.4% of GDP, or 2,674.3 billion euros, INSEE said on Tuesday. And, according to government forecasts, it should reach 119.8% at the end of the year and exceed 120% in 2021 …
We are not going to have austerity plans ad vitam aeternam to repay a debt for which we have no responsibility, neither moral, nor political, nor economic.
France, like other countries facing the pandemic, has thus shifted into a new paradigm where money no longer seems to have value. While yesterday we warned of the danger
This article is for subscribers only. You have 85% left to discover.
Subscribe: 1 € the first month
Can be canceled at any time
Already subscribed? Log in