France faces the crisis with degraded accounts

The conclusion is clear: France's room for maneuver has been "insufficiently restored" to deal with the coronavirus crisis, deplores the Court of Auditors in its report on the state of public finances. And, today, France is paying a high price for its very weak capacity to clean up its accounts, with a deficit and a debt that explode much more than in certain other countries of the euro zone.

However, over the past ten years, Brussels has constantly warned successive governments ... It is not one, nor two, but three deadlines that have been granted to France to return to below 3% of the public deficit in accordance with the treaties. Last year, this deficit still amounted to 3% of GDP (against 7.2% in 2009), the highest of the countries in the zone whose average is 0.6%.

Read also: Coronavirus: an already dark year for public revenues

In reality, France has only very timidly taken advantage of the recovery from 2015 to save money. And, if the Philippe government has initiated a reduction in levies

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