I think the answer is “no”. Therefore, the remedy differs according to the country. In all euro area countries, however, there is significant fiscal space to have a coherent mix of fiscal policy, i.e. make an effort to redress unproductive spending, to steer fiscal policy towards promoting growth, i.e.
either by cutting taxes when they are too high or by making public investments, especially for young people, in research, innovation, or wherever it can be put to good use. So this discussion on the quality of public spending is important for all countries and it is important for France.