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3,582.29
+0.43(+0.01%)
3,581.86
3,588.87
3,613.02
3,577.59
76,767,238,800
2025-07-19
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There is never much to love about a budget that proposes to substantially reduce the deficit. But one must admit that the Bayrou budget has taken up the challenge. It faces the issue, and proposes measures which, if they were to pass, may add up, if not to the 43 billion advertised, but to a number not too far from it.
I have four early reactions.
The focus of the discussion is on the 43 billion. Eventually however, stabilisation of the debt requires an adjustment of the order of 150 billion euros. It must be done; the question is how fast to do it. For political and economic reasons, I would have chosen a smaller number for 2026, o
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