“There is no question, for the government, of reactivating the” whatever the cost “”

by time news

2023-07-06 06:00:17

More than a week after the death of Nahel M., shot dead by a police officer during a traffic check in Nanterre, the country continues to tear itself apart. Urban riots, political opposition on edge, executive procrastinating… in the midst of a political and social crisis, it is also time for reckoning.

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Sent on Saturday July 1 by Emmanuel Macron to the bedside of traders affected by the damage, the Minister of the Economy, Bruno Le Maire, urged insurers to facilitate compensation for the most affected. The balance sheet is heavy: more than 1,000 businesses “vandalized or set on fire”more than 430 tobacco shops, 370 bank branches, 200 stores or shopping centers, clothing stores, damaged fast food restaurants.

If Bercy still refuses to give an overall estimate of the damage, others have already done so: the boss of the Medef, Geoffroy Roux de Bézieux, evaluated them at “more than a billion euros”Monday, July 3, in The Parisian. “The only figure we have at the moment is that of the French Federation of Insurers, which puts the damage already declared at 280 million euros”nuanced Bruno Le Maire, Wednesday July 5, on BFM-TV / RMC.

ridge line

Because, in the middle of the ambient emotion, the ex-LR sees the trap that awaits him. In 2019, massive income tax cuts ended the “yellow vests” crisis. A year later, the surge of the Covid-19 sounded the beginning of “whatever the cost”, to carry a confined economy at arm’s length. In 2021-2022, there were tariff shields and other aid to companies weighed down by the energy crisis. Even the pension reform, although placed under the sign of the budgetary imperative, did not escape it: at the end of April, the Prime Minister, Elisabeth Borne, promised “tax cuts for the middle classes”of the order of 2 billion euros − almost two months later, they have still not been specified.

Like the Head of State, the Minister of the Economy therefore tries to hold a crest line: support, but without spending too much. Compensation for ransacked stores? He promises to postpone, or even cancel, tax and social security contributions. Partial unemployment for employees whose workplace cannot reopen? It will be activated, but with a remaining charge for companies. The reconstruction of the hundreds of damaged town halls, schools and libraries? The “emergency law” announced Tuesday by Emmanuel Macron will reduce the delays.

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