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Charles Jaigu: "Debt is not a magic potion"

2021-01-13T19:47:40.810Z


CHRONICLE - Jean-Claude Trichet prefaces a book on debt, the contributions of which are clear, useful and very varied. The ex-boss of the ECB confides in Figaro his doubts about the fashionable idea of ​​high and sustainable debt.


Jean-Claude Trichet's office is located on rue de Valois, in the former apartments of the governors of the Banque de France.

A smooth canopy of impeccably trimmed lime trees stretches out at the foot of the windows that frame the garden of the Palais-Royal and its orderly facades.

This ideal rectangle is like the inverted image of French public finances, where the fiscal labyrinth and the imbalance of accounts destroy any hope of one day achieving this elegant geometry.

Jean-Claude Trichet, former Governor of the Banque de France (1993-2003) and of the European Central Bank (2003-2011) knows this better than anyone.

These days he signs the preface to a book whose title asks an excellent question:

La Dette.

Magic potion or deadly poison?

Read also:

France facing the wall of colossal debt

This small collective work, coordinated by the academic Philippe Dessertine on the initiative of the Cercle Turgot, brings together brilliant and very varied contributions, which mark out an essential debate, on which the vigilance of the French, the media

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Source: lefigaro

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