Editorial: Le Monde

• France's public deficits are reaching unprecedented heights, and the country risks losing total control of its budgetary decisions.
• The speed at which financial degradation is happening is concerning and requires urgent correction.
• Public debt is growing at an alarmingly fast pace, with a considerable deficit between expenditures and income.
• France's debt is considered more risky than Spain's and nearly as much as Greece's.
• France's credibility has been damaged by the current political instability.
• There is a need to act swiftly and take on responsibilities to manage the situation.
• Political parties are trapped by their irresponsible promises and their tendency to appease their electorate at any cost.
• A probable solution to the budget crisis is to immediately convene a cross-party conference to redefine priorities and with a greater sense of fairness.

Conclusion: If France is not able to reorganize its social and tax system at risk of asphyxiation, others will do it for them.

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