what (really) contains the economic program of the National Rally

Decryption Aware of its economic fragility, the RN feigns budgetary seriousness. But the measures he recommends would be ruinous for the State.

The warning was sent the day after the dissolution: Moody’s and Fitch, the two financial rating agencies which had not revised downwards the solidity of the French debt in the spring, changed their tune. This time, they warn: the new parliamentary situation to come, in particular the coming to power of the National Rally (RN), endangers the recovery of public accounts. Moody’s even mentions a downgrade of the French rating. On the financial markets, distrust is already a reality: the Paris Stock Exchange is falling, the gap in interest rates between France and Germany is at its highest since 2017, which increases the borrowing burden and therefore the public deficit. The potential winner of the elections is thus warned: it is in his interest to make proposals that will remain acceptable to investors, who hold the 3.1 trillion in public debt.

Economy specialist at the RN, MP Jean-Philippe Tanguy immediately alerted Marine Le Pen and Jordan Bardella:

“We cannot come to power without credible measures, the markets would not forgive us! »

But, for the moment, the markets in question – and all the French as a bonus – are clueless: a great deal of vagueness surrounds the RN’s economic program. Between what was put in black and white during the presidential elections…