DECRYPTION – As the threat of a reversal of the executive on the budget becomes clearer, Michel Barnier and his ministers are raising fears of strong economic “turbulence”. A scenario that worries market players.
“Probably quite a severe storm and serious turbulence in the financial markets.” Tuesday evening, on the set of 8 p.m. on TF1, Michel Barnier wanted to be alarmist about the economic scenario that would emerge in the event of censorship from his government, after a probable future recourse to 49.3 on the budget. “We already borrow at very high interest rates, the interest rates that we are obliged to respect to finance our debt with Chinese or American investors. They are currently almost at the level of Greece.underlined the Prime Minister. In unison with the head of the executive, Budget Minister Laurent Saint-Martin said he feared, this Wednesday morning on France Inter, a “economic and financial crisis” . “It would be a storm for the country. The financing of our debt would be faced with rising interest rates and this has a direct cost for the daily lives of our fellow citizens.he said.
For several days now, members of the government…
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