French Economists Urge $140B Deficit Reduction, Sweeping Policy Reforms
6 Articles
6 Articles
Prime minister's advisory council calls for investment in education, innovation and climate adaptation
On Thursday, 8 October, the independent advisory body attached to Matignon presented its budgetary measures to fuel the political debate, and called for the reform of several flagship economic policies over the past 30 years.
For the first time since 2014, the 23 members of the Economic Analysis Council sign a collective note, calling for a thorough review of public policies, starting with reducing the deficit by 125 billion euros in five years.
In a note issued on Thursday 8 October, all members of the independent body argue for a substantial fiscal adjustment at the beginning of the next quinquennium, the only credible method of trying to stabilize public debt by 2032.
The 23 members of the Economic Analysis Council warn about the sustainability of the French economy, pointing out that current policies are leading to unmanageable debt and require immediate, profound changes.
A few months from the presidential elections, all the members of the CAE endorse a global economic and social strategy for France of tomorrow
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