The governor of the Bank of France invited this Wednesday, October 9, all those who refuse the savings that could be asked of them in the 2025 draft budget to “avoid playing havoc” with the proposed savings, under penalty of worsen the debt.
“Everyone has a tendency to have ideas for savings from others and to refuse them at home: everyone must stop playing havoc with all the avenues for savings that are on the table”, otherwise, “to At the end, we will continue this infernal spiral of debt,” warned François Villeroy de Galhau on franceinfo.
A “collective letting go”
While Macronist elected officials, like Gérald Darmanin or Gabriel Attal, rebel against the tax increases of 20 billion euros announced in the budget which will be presented Thursday to the Council of Ministers, the RN denounces the non-indexation of pensions on inflation, planned for the first half of the year, or that SMEs and local authorities are up in arms against the measures awaiting them, the governor judged that the effort should be “shared”. “It takes an effort from everyone,” according to the governor. The country “is in the situation of a family which lives beyond its means and therefore which must reduce its expenses and slightly increase its income”.
Asked about the investigation Echoes On Wednesday, revealing a 100 billion euro increase in the deficit since January, François Villeroy de Galhau judged this slippage “spectacular and unwelcome”. He spoke of a possible “collective letting go”: “it is time for us to get back together collectively”, he concluded.