Bertille Bayart: Debt, decline in growth, the French budget ‘model’ is running out of steam. In the absence of structural reforms, the executive is condemned to having only the plane to limit the drift of public finances.
The executive announced on Sunday 10 billion euros in immediate savings on the state budget. An effort that represents barely 0.4% of GDP, or even 0.8% of public spending or 2.3% of state spending. It is not even a turning point in rigor, according to the established expression.