Can the French government tighten the fiscal screw?

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“Whatever the cost”: the expression launched by Emmanuel Macron, on March 12, 2020, in the midst of the Covid epidemic had caused a stir. The French president undertook to save companies and employees deprived of activity by confinement: financing of partial unemployment, closure of businesses and shutdown of many sectors at the cost of hundreds of billions of euros. 240 billion, according to the figure of Bercy. A major choice, a social choice, but also a budgetary choice in the medium and long term. France is ready to go into debt, betting on the return to growth. Other crises, linked in particular to the war in Ukraine, have been there. An energy crisis, the weight of inflation. And now ?

The end of this accommodating policy was announced by the Minister of Economy and Finance, Bruno Le Maire. This is also a very clear request from major international institutions such as the IMF which, in its assessment mission known as Article IV, places Paris before its responsibilities. ” It is justified to start fiscal consolidation in 2023 ».

It’s a big problem for the government: how to clean up the finances, get back below the 3% public deficit threshold set by Brussels without bludgeoning households already weighed down by purchasing power problems? How to allow companies, including those who must repay their loans, to raise the bar? Is France doing better than its European neighbors?

Our guests :

Stephanie Villers, economic advisor for the PWC firm in France and the Maghreb

Clementine Galles, Chief Economist at Société Générale Private Banking.

Stéphanie Villers and Clémentine Gallès, guests of Eco from here Eco from elsewhere with Bruno Faure. © RFI

Our report :

The “whatever the cost” has kept many French companies alive, but they are not out of the woods. Example with a baker and pastry chef in Beauchamp in the Val d’Oise, one hour from Paris. Nicholas Feldmann the encounter.

ENERGY PRICES BOULANGER REPORT

Our interview :

France wants to protect its industry, even wants to promote it, but this sector suffers from a major handicap: it is far too masculine. Too few women become engineers. Too few female students enter science and technology courses. The new Minister of Education Pap Ndiaye has decided to act by returning mathematics to the compulsory program in high school for all.

This announcement is commented by Amel Kefifgeneral manager of the Elles Bougent association, which wants to encourage young girls to access these scientific professions which until now were too masculine.

Amel Kef.
Amel Kef. © Association “They move”

INTERVIEW WITH AMEL KEFIF

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