Canceling Part of the Debt: Mélenchon's Proposal Under the Fire of Critics
7 Articles
7 Articles
Minister Lescure warned that to repay 20% of the debt by the Bank of France would trigger the country's financing costs and amounted to exiting the euro in fact.
On Sunday, the radical left candidate in the presidential election of 2027 again proposed that the European Central Bank (ECB) "freeze the debts of the states starting with those of the Covid period". On the basis of the observation that 18% of the French debt is held by the Banque de France, Jean-Luc Mélenchon already stated at the end of June that "it is enough to go there, to take them and to fire them" and that "no one will ever see that it …
French Minister criticises Mélenchon's proposal to cancel 20% of public debt. Government considers that radical left proposal would cause financial crisis
"It wouldn't benefit anyone at all," says Nicolas Doze, editor of the LCI economy. "It's not going to benefit anyone," says Nicolas Doze, editor of the LCI economy. "It's not going to help anyone."
French Economy and Finance Minister Roland Lescure today criticized the economic proposals of radical left-wing presidential candidate Jean-Luc Mélenchon, commenting that the suggestion to cancel part of the public debt would be a "handle" to the euro area.
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