In a state of fiscal derailment lies the Franceaccording to a report issued by the French Court of Auditors on the situation and prospects of the country’s public finances (deficit, public debt etc.).
Its chairman, former Minister of Finance and Community Commissioner for Finance (ed. During the Greek Memorandums), Pierre Moscovici called on the government to take urgent measures, noting that by the end of 2029 the country would have to save 105 billion euros. According to the report, the amounts for France’s public debt service have doubled between 2020 and 2024 and if that situation continues they will exceed the amounts spent by France annually on education or defense.
Also, according to the report, the French fiscal deficit is today the largest in Europe and in order for France to enter a budgetary consolidation orbit it will have to have a primary surplus of 1.1% of GDP in the coming years to come in the coming years. her.
Asked by reporters whether France will have the fate of Greece fifteen years ago, Moscovici said that if the necessary measures were taken, the austerity imposed on Greece will not be required. He also said that there is no issue of appealing France to the International Monetary Fund.