Greater cooperation between competent authorities, without infringing on the independence of their roles, would make it possible to optimise the multiplier effects of their decisions. The ECB’s policy is pushing economic operators into debt. French public debt is now in excess of 100% of GDP. Should we be worried? Although public debt is decreasing within the euro area, in France, it is increasing.
This is a cause for concern, since it does reduce the room for fiscal manoeuvre in the event of a downturn in the economy. France needs to take steps to reduce its deficit and debt, while adopting a growth-friendly fiscal policy. Other countries have managed to achieve this difficult task.