Nothing new under the sun: wanting the cancellation of your debts is an ancestral wish and constitutive of our culture.
"Forgive us our debts, as we also forgive our debtors,"
says the Gospel of St. Matthew.
Conversely, the popular adage, common to most European countries, takes the opposite view:
"Whoever pays his debts gets richer."
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The Covid increases the global public debt to almost 100% of the GDP
These two opposing attitudes like day and night are the scene of the intense debate in which economists, financiers and politicians clash today over the possibility of erasing the “Covid debt”.
Public debt means only that linked to the pandemic, and exclusively securities held by the ECB.
The stakes are high: to date France has had to borrow an additional 200 billion euros last year just because of the virus, which has not said its last word.
To be relatively technical, the discussions are heated and, on both sides, we exchange the names of birds.
"To cancel
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