So close, so far!
Bruno Le Maire knows it well, his best recovery plan, the one that would allow French companies to recover in a few months, is within reach.
He sleeps quietly at the bottom of the banks' A booklets.
Due to confinement, then changes in consumption habits (fewer restaurant meals, shows, etc.), the French should set aside some 100 billion additional euros this year.
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The booklet A will be used to finance the recovery plan
The message has been repeated: to save jobs, we have to send this savings to the big economic machine.
Fulfilling this duty of responsible citizenship is not unpleasant;
all you have to do is return, accompanied by your credit card, to your favorite merchants.
This summer pretty much everyone played along;
consumption was generally held in France.
But the rain of bad news which accompanies this return, put a clear brake on this dynamic.
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The French are always very careful with their savings
According to the latest INSEE barometer, in September, the proportion of households considering that it is appropriate to save appears to be rising sharply.
Parallel to the floor is the opportunity to make significant expenses.
How to blame the French?
Economists predict an explosion in unemployment next year and, despite the promises of the government, everyone has the intuition that the mountain of debt of the country, will sooner or later be settled by a financial effort which will be required of them.
Breaking out of this circle of mistrust will take time… and some good news on the epidemic front.