Pubblicato in: Banche Centrali, Devoluzione socialismo, Unione Europea

Macron. Corte Conti bacchetta il Governo per il debito pubblico.

Giuseppe Sandro Mela.

2019-06-26.

Fattoria Animali 001

La Francia ha raggiunto un debito pubblico di 2,414.622 miliardi di euro, essendo 102.23% il rapporto debito / pil, con un debito procapite di 36,511 euro. Di interessi deve pagare 55.015 miliardi di euro all’anno.

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Cour des Comptes. 2019 Annual public report

Lo Stability Programme. April 2018 ne è rimasto sconvolto.

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«France’s public auditor has criticized president Emmanual Macron’s decision to loosen the country’s purse strings to try to end months of yellow vest protests »

«The Cour des Comptes warned on Tuesday that the country’s debt level, which is hovering at close to 100 percent, was “worrying” and urged the government to control spending»

«The auditor said the money directed towards the grievances of the yellow vests had not been founded on savings elsewhere»

«In a report, the public auditor said the growing divergence between France and its neighbours on debt reduction was “worrying” and “could lead to a deterioration of the perceived quality of France’s debt among investors”.»

«It criticized the government over its failure curb overspending noting it had the opportunity to take advantage of a spell of growth»

«But this year it is set to rise again above the 3.0-percent mark, increasing to 3.1 percent on the back of a package of tax cuts and income top-ups announced to try to defuse the anger of the anti-government yellow vests»

«The International Monetary Fund also warned last month that France’s debt was “too high for comfort” and called on the government to cut spending»

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La Cour des Comptes ha pubblicato una severa reprimenda del Presidente Macron, che ha portato il rapporto debito / pil al 102.23%, con un aumento del debito pubblico a 2,414.622 miliardi di euro.

L’Unione Europea, la Commissione Europea e Mr Moscovici non hanno fiatato, chiusi nella omertà che li lega.
Nella Fattoria degli Animali erano tutti eguali, ma i porci erano più eguali degli altri.

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French public auditors warn over rising debt

France’s public auditor has criticized president Emmanual Macron’s decision to loosen the country’s purse strings to try to end months of yellow vest protests.

The Cour des Comptes warned on Tuesday that the country’s debt level, which is hovering at close to 100 percent, was “worrying” and urged the government to control spending.

The auditor said the money directed towards the grievances of the yellow vests had not been founded on savings elsewhere.

In a report, the public auditor said the growing divergence between France and its neighbours on debt reduction was “worrying” and “could lead to a deterioration of the perceived quality of France’s debt among investors”.

It criticized the government over its failure curb overspending noting it had the opportunity to take advantage of a spell of growth.

No French government has balanced the books since the 1970s.

On coming to power in 2017, Macron set about trying to cut the deficit to bring it in line with an EU limit of three percent of GDP, which the eurozone’s second-biggest economy has flouted for the last ten years.

Last year, the deficit fell to a 12-year low of 2.5 percent of GDP, a decline which was greater-than-expected and achieved despite falling growth and purchasing power.

Pledge to balance books revised

But this year it is set to rise again above the 3.0-percent mark, increasing to 3.1 percent on the back of a package of tax cuts and income top-ups announced to try to defuse the anger of the anti-government yellow vests.

The measures are expected to drive up the public debt to 98.9 percent this year.

The government expects to be back on track with deficit reduction next year. It is aiming for a deficit of 1.2 percent by the end of Macron’s first presidential term in 2022 – having apparently given up on its original 2017 campaign pledge to balance the books within five years.

The Cour des Comptes warned against any further let-up in the drive to clean up the country’s finances.

The International Monetary Fund also warned last month that France’s debt was “too high for comfort” and called on the government to cut spending.

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France 24. 2019-06-25. Rising French debt is ‘worrying’, public auditors warn

France’s public auditor on Tuesday warned that the country’s debt level, which is hovering at close to 100 percent, was “worrying” and urged the government to control spending.

France’s debt-to-GDP ratio is set to reach 98.9 percent this year, bucking the downward trend seen in most other eurozone countries after President Emmanuel Macron loosened the country’s purse strings to try end months of often violent “yellow vest” protests.

In a report, France’s Cour des Comptes said the growing divergence between France and its neighbours on debt reduction was “worrying” and “could lead to a deterioration of the perceived quality of France’s debt among investors”.

It chided the government over its failure to take advantage of a spell of growth to significantly rein in overspending, which leads to increased borrowing every year.

“France is far from having eliminated its structural deficit whereas many of its European neighbours have achieved a balance,” it warned in a 150-page report.

No French government has balanced the books since the 1970s.

On coming to power in 2017, Macron immediately set about trimming the deficit to bring it in line with an EU limit of three percent of GDP, which the eurozone’s second-biggest economy had persistently flouted for a decade.

Last year, the deficit fell to a 12-year low of 2.5 percent of GDP, a greater-than-expected decline achieved despite falling growth and purchasing power.

But this year it is set to again rise above the 3.0-percent mark, increasing to 3.1 percent on the back of a package of tax cuts and income top-ups announced to try to defuse the anger of the anti-government yellow vests.

The measures are expected to drive up the public debt to 98.9 percent this year.

The government expects to be back on track with deficit reduction next year. By the end of Macron’s first presidential term in 2022, it is aiming for a deficit of 1.2 percent — a far cry from his 2017 campaign pledge to balance the books within five years.

The Cour des Comptes warned against any further let-up in the drive to clean up the country’s finances.

The International Monetary Fund also warned last month that France’s debt was “too high for comfort” and called on the government to cut spending.

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