After the financial crisis of 2008-2010, we had to foot the bill.
This resulted in 2012 by a massive increase in taxes and levies on the French.
“It was a disaster.
We cannot make the same mistake again at the end of this crisis which is the most important since 1929,
repeats at will the Minister of the Economy, Bruno Le Maire.
We cannot make the French pay the bill with taxes. ”
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However, without knowing it, the French will be called upon to contribute.
The government has in fact taken the decision, which has gone largely unnoticed, to transfer most of the “Covid debt” to the Social Debt Redemption Fund (Cades).
Created in 1996, this body is responsible for amortizing the "social debt", the result of deficits accumulated by Social Security over the years.
From now on, Cades bears a new burden of 136 billion euros generated by the coronavirus crisis and the plunge in Social Security accounts.
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