France's Public Debt Debate Intensifies Amid Record Levels

As France's public debt reaches 112% of GDP, experts call for a reassessment of fiscal policies rather than austerity measures.

France's public debt has reached 112% of GDP, far exceeding the Maastricht Treaty limit of 60%, prompting discussions on sustainable fiscal strategies.
Economists argue that the focus should be on the strategic use of debt to support long-term growth and societal needs, rather than immediate deficit reduction.
The pressure from financial markets is increasing, but experts suggest that France still has room to maneuver in terms of public spending, especially for ecological and industrial transitions.
Proposals include ending tax breaks that reduce fiscal revenues and considering a more integrated fiscal policy within the Eurozone to stabilize public finances.
Critics warn that current short-term financial management practices could lead to a future debt crisis, underscoring the need for a comprehensive fiscal strategy.