France under IMF supervision? Why is France still far from this “catastrophic scenario”?
Following the statements made by the Minister of Economy and Finance this morning, raising the possibility of IMF intervention in the face of France's over-indebtedness, economist Isabelle This Saint-Jean believes that this scenario remains unlikely.
By Eraliyah Ebongue and Alara KoknarHis warning caused quite a stir this Tuesday morning. A guest on France Inter's morning show, the Minister of Economy and Finance, Éric Lombard, acknowledged " a risk that the IMF might intervene " to support France in the event of a financial crisis, while ensuring that he did not want to "play the politics of fear." "Our responsibility, that of the government, is to avoid the crisis," he insisted , calling for the creation of a 2026 budget "of recovery and fairness," where "the wealthiest must contribute more" in order to achieve the target of €44 billion in savings.
The minister's latest statements followed Prime Minister François Bayrou's warning the day before, announcing that France was a country "on the verge of over-indebtedness ." But is the scenario of International Monetary Fund (IMF) supervision, associated with countries in serious financial distress, really plausible for the eurozone's second-largest economy?
Le Parisien
