Social security: the crisis has given birth to a new paradigm that cannot be financed

6/15/2020, 3:20:14 PM

DECRYPTION - France will not have the means to finance its future lifestyle other than by credit.The creation of a 5th branch of Social Security to cover the risk of dependence is certainly a revolution - Nicolas Sarkozy and François Hollande had promised it to the French, without implementing it - but it will weigh little, in the end, in the face of the change in social paradigm taking place. The Covid-19 pandemic will indeed, financially, leave indelible traces in the tricolor social model ...

The creation of a 5th branch of Social Security to cover the risk of dependence is certainly a revolution - Nicolas Sarkozy and François Hollande had promised it to the French, without implementing it - but it will weigh little, in the end, in the face of the change in social paradigm taking place. The Covid-19 pandemic will indeed, financially, leave indelible traces in the tricolor social model and irreversibly change the situation in terms of returning to balanced accounts. And the utopians who hope, still today, to one day see the end of the hole in the Safely will quickly descend to earth.

Except to make Churchillian choices in terms of savings (blood and tears) that we never knew how to take, France will not have the means to finance its future lifestyle other than by credit. How could it be otherwise? The investments to be made in the coming years are so colossal that our leaders, whatever their political color,