Since the beginning of the month, two important figures relating to the French economy have been published: the latest estimate of the public deficit for the year 2025 and the balance of foreign trade in goods for the first half of the year. Neither of them was a pleasant surprise. With a rate of 5.4% in relation to GDP, an increase compared to 2024, the government is forced to adopt a finance law for 2026 including an effort to reduce the significant deficit, in excess of 40 billion euros, but it does not yet have a majority in the ...

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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 ...

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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 ...

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