The Prime Minister has just made public the measures that his government plans to submit to Parliament on the occasion of the adoption of the finance law for 2026. The objective is to halt the deterioration of the country's public and social finance situation by proposing savings and increases in household taxes. The concept of a "blank year" covers the freezing of spending and social benefits for one year. But by weighing on household resources, doesn't this risk slowing down consumption, and therefore growth with a rise in unemployment, and causing a "black year"?

The place is still ...

Continue reading

With almost zero growth and massive and sharply increasing public debt, the French economy is facing challenges to which it is urgent to provide appropriate responses. But political instability and the lack of a parliamentary majority following the dissolution of the National Assembly a year ago have prevented the government from dealing with this unprecedented situation. However, and this is not the least of the paradoxes, the French have never been so rich, even if this wealth is very unevenly distributed, and large companies so profitable.

At the end of 2023, households' financial assets exceeded €6,000 billion, the latest ...

Continue reading

The importance of issues relating to public deficits and France's debt in the debate is excessive and has the consequence of diverting the attention of both the media and political leaders from the real issues facing the country. Dramatization is a well-known method of pushing through if not accepting unpopular measures. It reaches its climax today when the possibility of the IMF being placed under supervision or even defaults is raised. The fault lies with the French who do not work enough and who take excessive advantage of an overly generous social protection system.

International comparisons are then used ...

Continue reading