Decryption – After being bad students in Europe, some countries can now give management lessons to the French executive.
With the uncontrolled decline of its fiscal deficit, France is confirming its place among the fools in the eurozone. This threatens to complicate the task of Emmanuel Macron and Bruno Le Maire, when they appeal to their partners for more spending or more borrowing on a European scale.
Among the 20 eurozone members, only Italy and Slovakia performed worse. In Italy, the deficit in 2023 reached 7%, while Giorgia Meloni hoped to reduce it to 5.3%. This did not prevent the Italian debt rate from falling from 140.5% to 137.3% of GDP in one year. In France, on the other hand, the debt ratio falls very slightly, to 110.6% of GDP, compared to 111.9% in 2022. France occupies the third step on the eurozone debt platform, after Greece and Italy.
This is what worries you. In a report published on Friday, European Commission judges “The student” Risks to the sustainability of French public finances in the medium term, even if they do not meet…
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