What to do with the debt that overwhelms the euro zone countries?
Who will pay for it?
Between supporters of a cancellation and defenders of reimbursement according to different modalities, politicians and economists are faced with a puzzle, thirteen months before the presidential election.
In front of them, the “wall” of public debt, fortified by the “whatever the cost” in force since the start of the Covid-19 epidemic, is proving colossal: 2,674.3 billion euros at the end of September 2020, or some 116% of gross domestic product (GDP) - including around 215 billion euros from the health crisis.
Read also:
How France let its debt drift
"We must erase this Covid debt"
, proclaims part of the left.
"Unthinkable"
, responds a section of the right, the International Monetary Fund (IMF) and the government, where the Minister of the Economy wants to
"confine"
this debt, counting on growth, control of public finances and reforms to overcome it - without tax hikes, he promises.
But, in this debate, the division
This article is for subscribers only.
You have 78% left to discover.
Subscribe: 1 € the first month
Can be canceled at any time
I ENJOY IT
Already subscribed?
Log in