Coronavirus: "Taxes will not increase ... yet"

" The health crisis will become an economic crisis, " hammered Edouard Philippe Thursday evening in the 8 pm newspaper of TF1. The Prime Minister, who recalled that his government was going to have to " help the country get through the crisis, " added that " the worst thing when it comes to restarting a country is to raise taxes ."

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However, it is very often through tax increases that the last governments have implemented their fiscal consolidation policies after the last major financial crises. This is what Frédéric Tristram, lecturer in contemporary economic history at the University of Paris 1 Panthéon Sorbonne, recalls.

LE FIGARO - The Prime Minister announced during his televised address that " the accounts of the nations [ will ] deteriorate and the sovereign debt will probably increase ". How much is French public debt likely to increase to support the government's massive stimulus plan?

Frederick

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