LE FIGARO Are you worried about the general rise in debt?
Anton BRENDER.-
Before worrying, we must put the rise in indebtedness in context.
In developed countries, households put money aside.
This accumulation of financial wealth cannot take place if no one goes into debt.
We too often forget that the debts of some are the claims of others.
Even before the pandemic, households had already accumulated, in France, the equivalent of more than twice the GDP in financial investments.
The counterpart of these investments consists mainly of debts, very few shares.
See also
French debt continued to increase in the second quarter
Companies do not take on much net debt: their gross debt is certainly significant, but their net debt only represents a quarter of GDP in France.
If households have been able to accumulate so many financial investments, it is because the State and part of the households are in debt.
Should we review the European criterion of a public debt limited to 60% of GDP?
AB-
This article is for subscribers only.
You have 68% left to discover.
To cultivate one's freedom is to cultivate one's curiosity.
Continue reading your article for € 1 the first month
I ENJOY IT
Already subscribed?
Log in
