We have to face the facts: the public debt is not the first concern of the French.
With one exception, and it did not bring him much luck, the 2022 presidential candidates did not say a word about it during the campaign, and the same will apply to the legislative elections.
We prefer to hide our faces, ignore that it now represents 2813.1 billion euros in total, or 41,491 euros for each of the 67.8 million French people, or 113% of the country's annual GDP.
Another warning sign, half of the bill is financed by foreign lenders.
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That debt has become the blind spot of our political debates and that we are trying to forget it expresses at the very least
“our preference for the present”
, as economists say.
But no one can escape the popular adage:
“Creditors have better memories than debtors.
These creditors hope that they will be reimbursed otherwise they would not give us credit.
And besides, history pleads in…
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