The opinion that if there is no political agreement within France to take measures aimed at reducing the budget deficit then the country will enter the path that Greece entered in the past, are supported by the professors of Economics at Essec Business School, Marc Gouillot and Radou Vranceanou in a joint article published in the Tribune newspaper.

As they point out, if the state budget for 2025 does not provide for an increase in tax revenues and a decrease in state expenditures, then it is extremely likely that France will be placed under the supervision of the European Central Bank, which will impose measures similar to those it imposed in Greece in the past.

The two economists note that the French fiscal deficit will rise at the end of 2024 to 6% of GDP and recall that over the last twenty years France has seen its debt increase from 1,100 to 3,100 billion euros, i.e. by 1,000 billion euros per decade.

The decades 2004-2024 (in France) “lived on the backs” of the decade 2024-2034, which will now be called upon to pay the bill, the economists conclude.