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Editorial: Le Monde

  • The government of Gabriel Attal is struggling to legitimize its new budgetary strategy amid a slowdown in growth and the derailment of public accounts.
  • The goal is to reduce France's public deficit to less than 3% of GDP by 2027, a target that some analysts consider unrealistic.
  • Confidence in President Macron's economic strategy is waning, with growing threats of a censure motion.
  • The budgetary strategy reflects a deferral of tough decisions until after the European elections.
  • The Haut Conseil des finances publiques considers that an amount of budgetary adjustment of nearly 60 billion euros will be necessary, and that such an effort is unprecedented.

Conclusion: Due to the lack of a clear plan and political instability, France’s economic strategy is under increasing skepticism, and the need for a serious political debate around responsibilities and the way forward has never been greater.