The European Commission validates the French government's budget in the midst of a crisis

The whole question now is whether the government will survive and whether the plan validated by the European executive will actually be implemented.

Brussels gives the green light. On Tuesday, November 26, the European Commission published its assessment of the budgets of EU member states and provided support to the French government, threatened with censorship, by approving its austerity efforts. France is among the dunces in Europe: with a clearly slipping public deficit, expected this year at 6.2% of gross domestic product, it displays the worst performance of the Twenty-Seven with the exception of Romania, very far from the 3% ceiling allowed by EU rules.

The European executive validated the scenario proposed by Paris of a reduction in the deficit to 5% of GDP in 2025, before a return “in the nails” in 2029 at 2.8%. He believes that France's multi-year plan “meets the requirements and defines a credible trajectory” to reduce or maintain debt “at cautious levels”. The project for the year 2025 alone is also judged “according to”.

The Minister of the Economy Antoine Armand said “satisfied” of this “positive review”reiterating his “determination” to restore public finances. The whole question is whether the government will survive and whether the plan validated by the European executive will actually be implemented.