Ugo Pascolo
11:06 a.m., October 13, 2024
Guest of the Grand Rendez-vous Europe 1/Cnews/Les Echos, Franz-Olivier Giesbert, returned to the economic situation of the country. Between a budget placed under the sign of rigor and the downgrading of the French rating by the rating agencies. The editorialist is worried about seeing interest rates increase faster than in Portugal.
A draft Budget 2025 placed under the sign of rigor, the rating agencies which downgrade France’s rating… The economic situation of the country is not in good shape. “all this gives bad signals”, as Franz-Olivier Giesbert recalled during the Grand Rendez-vous Europe 1/Cnews/Les Echos. But beyond that, what seems to worry the editorialist is also the increase in interest rates.
The draft Budget 2025, the solution?
“And they are increasing more in France than in Portugal! That is to say that we are really becoming the black sheep of Europe, and that is a real subject. We must try to resolve that as quickly as possible.” To do this, is the draft Budget 2025, which provides, among other things, tax increases, surcharges and reduced spending, the solution?
For the editorialist, this “left-wing budget” reveals the fact that it is “much easier to increase taxes than to reduce public spending”. But above all, “how do you want to do otherwise?”, he asks. “In any case, I don’t see how we can do anything other than support [Michel] Barnier, but with lip service.”
