Today, it is not too serious because, thanks to the ECB’s monetary policy, rates are very low. But one has to prepare oneself for situations when the rates will be higher, especially if there is no more growth. The debt burden will begin to crowd out all the government’s other budgetary expenditure.
It’s not normal for the debt burden to crowd out spending on healthcare, justice or education. It’s not normal... It’s what the future has in store for us, if we don’t reduce the deficit. Who decides this? We’re talking about budgetary policy, so it’s the French government, not the ECB.