On purchasing power, we are witnessing a waltz of announcements from arsonist firefighters.
Because the inflation we are experiencing is largely the result of the economic and monetary policy pushed by the government.
The colossal public expenditure of European states caused by the emergency and recovery plans, combined with the "stop and go" economic policy linked to the confinement and deconfinement phases, and the technical rebound of the European economies in 2021 have created a shock of demands and a tensioning of the production chains.
In addition, France's high debt before the Covid crisis led to its support for an uninhibited expansive monetary policy.
From October 2021, inflation was largely quantifiable beyond 5% for 2022. The government has chosen to minimize this inflation and overestimate growth.
Because of these two mistakes, expenses continued to flow and financial leeway...
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