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Savings: "Watch out for old demons"

2021-02-21T20:19:15.877Z


The editorial of Le Figaro, by Gaëtan de Capèle. It is one of the innumerable paradoxes of this crisis like no other: the French - who do not feel the feeling at all - are sitting on a pile of gold. Locked in their homes for part of the year, deprived of restaurants, outings and trips, but also worried about what the future holds, they save in unprecedented proportions. They were promised a replica from 1929? They are going through the first gre


It is one of the innumerable paradoxes of this crisis like no other: the French - who do not feel the feeling at all - are sitting on a pile of gold.

Locked in their homes for part of the year, deprived of restaurants, outings and trips, but also worried about what the future holds, they save in unprecedented proportions.

They were promised a replica from 1929?

They are going through the first great depression of the twenty-first century with low morale but a well-stocked bank account.

No miracle: if they survive the economic tsunami in this way, it is because the welfare state is fully responsible for the bill for the pandemic.

Until when, that's another story: twelve months of Covid drove France's deficits and debt into uncharted territory, and the government won't be able to hold thousands of companies at arm's length much longer.

How, then, to bring back the money accumulated by the French in the economic circuit?

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Source: lefigaro

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