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"The French debt is crushing: let us extend its duration in the interest of the youth"

2021-02-09T19:13:31.494Z


TRIBUNE - The cancellation of France's colossal debt is to be ruled out, as it would ruin French savers themselves and seriously scald investors. On the other hand, it is necessary to extend its average duration as have other Western countries, argued François ...


The same goes for the public debt as for the health situation: the behavior of our fellow citizens testifies to their skepticism towards the government.

When the government hesitates over reconfinement, the French anticipate that it is likely and take their precautions.

When the government says that the public debt will be paid off by growth and without tax hikes, they are saving to face less optimistic realities.

Read also:

Is it possible to cancel Covid debt without harming creditors?

Certainly the record savings of the French are sterilized by the impossibility of education, entertainment, travel or by the fear of losing their job and not being able to finance their projects.

And more and more of our fellow citizens are experiencing precariousness and difficulties which will only increase in the months to come.

But how can we not also see in this forced savings an atavistic mistrust of the magic speeches predicting that growth - and not their taxes - will make it possible to repay this mountain of debt (120% of GDP

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Source: lefigaro

All news articles on 2021-02-09

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