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Moody's downgrades France's credit rating
(www.dw.com)
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this post was submitted on 14 Dec 2024
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He is one of the root cause of the overspending as he has given a lot of taxes cut (that would have make the balance better) to his very rich friends.
So don’t tell me he’s trying to balance the budget. He did tell that publicly but of course did the contrary. Look at the balance when he took power several years ago, look now. He was fully in command all this time.
I paid a lot of taxes not to give gifts to already rich people but for public services. He only cut public services.
But as he loose control from the population, he want to make us fear of an economic crisis to make old people vote for his party again.
Covid happened. It hit most countries like that. Now he's trying to balance things again, against intense opposition
The root cause is not recent. The french have been overspending for decades. Look at the debt to GDP ratio over time.