Jordan Bardella’s laborious quest to find a credible finance minister

Jordan Bardella’s laborious quest to find a credible finance minister
Jordan Bardella’s laborious quest to find a credible finance minister

INVESTIGATION – Who would be the Minister(s) of Economy and Finance in a Bardella government? The stakes are crucial, while the party with the flame will have to reassure the markets in the event of victory.

In the hypothesis of a victory of the National Rally on July 7, and of a Bardella government, who will succeed Bruno Le Maire, Emmanuel Macron’s indestructible Minister of Economy and Finance for more than seven years? Since the evening of June 9 and the announcement of the dissolution, this question has tormented economic and financial circles.

The issue is crucial. France, placed in excessive deficit procedure by the European Commission, is burdened with a debt of more than 3,100 billion euros, raises 280 billion per year on the bond markets, and already repays 50 billion in interest charges on this debt. The loss of confidence in your signature can be dramatic. At best, it would be measured in a few tenths of a point in interest rate increases, affecting both public finances and the cost of money for individuals and businesses. At worst, it triggers the disaster scenario, the great slide towards the financial crisis, the storm like the one that hit Greece or more recently, the one that swept away the short-lived government of Liz Truss in the United Kingdom in 2022.

So who to give confidence? The general opinion…

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