Faced with 80% of deputies inclined to spend more, it is difficult to see how François Bayrou will go about developing a credible budget.
Would the idea that, through irresponsibility, through cowardice, through selfishness, we are in the process of creating a financial time bomb finally gain ground? According to recent polls, the explosion of debt is now one of the primary concerns of the French. This access to lucidity has, alas, not yet reached the Assembly, where absurd “red lines” are drawn while making mockery of the tide which threatens to engulf everything.
This casualness is surprising, as the figures are dizzying: next year, France, already up to its neck in debt (3,300 billion at the last count!), will borrow another 300 billion on the markets. Not to prepare for the future by investing, but to make ends meet, pay pensions… and repay debts. While in the upper echelons we look elsewhere, the alarm signals are multiplying. Rating agencies are worried…
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Business
France
