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Nicolas Baverez: “Debt or sovereignty, you have to choose!”


CHRONICLE - The priority given by the government to supporting purchasing power financed by public debt entails very high risks.

The war in Ukraine marks a geopolitical paradigm shift, with the return of high-intensity war in Europe, but also an economic one, with the threat of stagflation redoubled by an energy and food crisis.

France finds itself hit hard, within a weakened euro zone.

Growth will barely exceed 2%, whereas it was expected at 4%.

Inflation stands at 5.8% and tends

to accelerate by spreading to all sectors and all actors of the economy.

The government is basing its entire strategy on the purchasing power bill.

He intends to mobilize an additional 25 billion euros to protect the French against

rising prices.

And this thanks to a vast catalog of measures: extension of the tariff shield on gas and electricity;

capping the increase in rents at 3.5% by the end of 2023;

continuation of the discount of 18 cents per liter on fuel at the pump;

tax measure in favor of large wheelers...

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Source: lefigaro

All news articles on 2022-07-03

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