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Bertille Bayart: “There is no magic European money either”

2024-03-27T05:16:30.906Z

Highlights: Bertille Bayart: “There is no magic European money either”. In 2023, France's public deficit reached 5.5% of GDP. The trajectory - whose modest objective is to return below 3% in 2027 only - needs to be reviewed. Couldn't we find money to pay for some of these big extras on a European scale? The track of the common European debt seduces our impecunious executive. The subject, carried by France and a few other countries, was… This article is reserved for subscribers. You have 84% left to discover.


CHRONICLE – The track of the common European debt seduces our impecunious executive. A subject at the heart of discussions during the last meeting of the Twenty-Seven.


The figure fell on Tuesday.

In 2023, France's public deficit reached 5.5% of GDP.

It slipped by 0.6 points compared to the forecast included in the finance law.

The trajectory - whose modest objective is to return below 3% in 2027 only - needs to be reviewed.

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So here we are.

At this moment in our financial history where we are hitting the wall of reality with numbers.

Where the traditional argument of those who keep well-kept accounts, the need to have room for maneuver, takes on its full meaning.

Because there is so much to finance, urgently: national rearmament, massive support for Ukraine, ecological transition, research in critical technologies, fight against drug trafficking... And we no longer have a money.

Although... Couldn't we find money to pay for some of these big extras on a European scale?

The track of the common European debt seduces our impecunious executive.

The subject, carried by France and a few other countries, was…

This article is reserved for subscribers.

You have 84% left to discover.

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Source: lefigaro

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