2023-04-20 19:56:39
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Without reform, we were heading towards a degradation of the note entrusted to me by the people in charge at Bercy“says Agnès Verdier-Molinié, director of the Ifrap foundation. THOMAS SAMSON/AFP
DECRYPTION – For Jacques Attali, this reform was essential in view of the financial situation of the country.
«That might explain a lot…“tweeted Jacques Attali last weekend, as the psychodrama of pensions ended with the validation of the Constitutional Council. A tweet accompanied by a calendar of the next decisions of the rating agencies: the revision of France’s rating by Moody’s is expected this Friday, by Fitch on April 28 and by Standard & Poor’s on June 2.
A way, for the influential adviser to presidents, to imply that pension reform was simply essential in view of the financial situation of France. And that without this decision, his rating could have been downgraded. With the consequence, in the midst of rising interest rates, an additional increase in the cost of its debt, while it will still have to borrow 270 billion euros this year. Untenable. “Without reform, we were going towards a degradation of the note entrusted to me by the people in charge at Bercy. They did not say so for fear of generating…
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