Mélenchon Wants to Cancel Part of France's National Debt
4 Articles
4 Articles
Left-wing populist leader Jean-Luc Mélenchon has suggested that France could write off or freeze some of its national debt. According to Mélenchon, the country could give up debt owed to the French central bank in particular, a proposal that has been criticized by both politicians and bankers.
French politician Jean-Luc Mélenchon has again called for “freezing” or writing off government bonds held by the Bank of France. According to Politico, in a speech on September 12, he named both options, although they mean different actions with debt. In June, Mélenchon suggested recording this
Jean-Luc Mélenchon's proposal to freeze or write off parts of France's national debt has become a contentious issue ahead of the 2027 presidential election. ECB President Christine Lagarde dismisses the plan as illegal, while France's high debt burden is putting pressure on the country's economy, several media outlets report.
Jean-Luc Mélenchon's recent proposal to fire or freeze the ECB's share of public debt had the merit of reinvigorating the debate on debt, particularly on the part of heterodox economists. 17 September, taken from the cadtm.org website, Photo: Eric Toussaint presents the report for the truth on public debt to the Greek parliament on 17 June 2015. To his right, members of the government and, on the perch, Zoe Konstantopoulou. https://www.cadtm.
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