The Fig Mag Letter of December 3, 2022

Dear subscribers,

The presidential “whatever the cost” has lead in the wing.

Some were offended by the formula the very minute it was used: they were treated with sovereign contempt.

But with the recent warning from the IMF, worried about seeing the French debt increase dangerously, the tone has changed a little at the Elysée, Matignon and Bercy.

Since Turgot, recalls Charles Jaigu in his investigation, there have been voices calling for

at the risk of seeing slings, revolts or even revolutions break out.

Since Turgot, heads of state have paid no heed, and have erupted revolutions (in the worst case) and changes of majority.

However, like Nicolas Sarkozy, who nevertheless seemed to have understood the need for it, Emmanuel Macron does not show more concern than that.

The proof: he has not, as promised, eliminated the 120,000 civil servant posts.

Worse: 33,700 additional agents have sprung up…

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