Agnès Verdier-Molinié: “The government sees the debt wall coming with the rise in interest rates” “When money was almost free, Bercy spent almost unlimitedly without the debt burden increasing. There was no incentive to reduce spending.
But today we cannot continue with deficit levels like this,” he says. “We would then have to make extremely drastic cuts in spending, and much more than 10 billion euros would be necessary,’ he adds.