France's loss of control of its public finances is a taboo that no one dares to talk about as it now overlooks our country, undermines its sovereignty and compromises its ability to face the challenges of the 21st century.
Throughout the interminable change of government, which extended from mid-December to mid-February and which saw Emmanuel Macron and Gabriel Attal multiply interventions, not a word was said about the deficit and public debt, while our country now finds itself strangled by its over-indebtedness.
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France has had a string of fifty years of deficits, since the last surplus budget dates back to 1974. This situation is unprecedented since the Ancien Régime and has no equivalent among the major developed countries.
Public debt increased from 20% of GDP in 1980, to 58% in 2000, 85% in 2010 and 112.4% at the end of 2023. It is approaching 3,100 billion euros at the end of 2023, or 45,600 euros per French person.
France reacted to the shocks of recent decades by…
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