In application of the mantra "whatever the cost", France has committed 424 billion euros in additional public expenditure for the years 2020 to 2022. The result is a surge in debt which reached 118.2% of GDP. . This unprecedented deterioration of public finances in a period of peace is presented as an effective adaptation to the new course of economic policy in developed countries, based on the renewal of State interventions as well as on the unlimited financing of deficits by the banks. power stations. This is not the case: the Covid-19 epidemic does not mark a rupture but the acceleration of an unsustainable economic and social model, based on debt. Far from being in the norm, France is more than ever an exception within developed countries by its addiction to public spending,which peaks at 61% of GDP. Even as the recovery takes hold, with growth estimated at 5% in France and 4.4% in the euro zone, the public deficit will increase.
This article is for subscribers only.
You have 79% left to discover.
Freedom is also to go to the end of a debate.
Continue reading your article for € 1 the first month
I ENJOY IT
Already subscribed?
Log in
To discover
Michel Houellebecq: "A civilization which legalizes euthanasia loses all rights to respect"