Terrible timetable for the government.
After the shock, brutal although expected, of the announcement of a deficit of 5.5%, there will be the predictable shock of a downgrade of France by the rating agencies, at the end of April and the end of May , and the inevitable shock of a procedure for excessive deficits triggered by the Brussels Commission.
The same budgetary slippage, but successive humiliations for a power which boasted of the seriousness of its management and wanted to be the model student of Europe.
But the Macronists' fear is that to these shocks will be added another, political one: a severe defeat of their list in the European elections on June 9.
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We have to find savings, insists Bruno Le Maire - State, social spending, local authorities.
We need to make reforms, adds Gabriel Attal - unemployment insurance.
This call for a start is necessary.
And even courageous when we know the outcry that the slightest blow of the plane is sure to provoke.
But the team in place since…
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