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EU rebukes France, Italy and others over excessive debt (www.dw.com)

submitted 3 months ago by HowRu68@lemmy.world to c/europe@feddit.de

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[–] unautrenom@jlai.lu 19 points 3 months ago* (last edited 3 months ago) (3 children)

Oh boy.

This timing is terrible for us in France. After seven years of Macron who made austerity measure after austerity measure and somehow made our budgetal deficit worse, I can guarentee you that everyone (the population) is sick of it and whoever gets elected in our current legislative will NOT go down the path of 'reduce public expenses to reduce debt' as it would be political suicide right now.

[–] geissi@feddit.de 10 points 3 months ago

austerity measure after austerity measure and somehow made our budgetal deficit worse

Not surprising.
Reducing government spending means reducing the money that is in economic circulation.
Companies earn less, people earn less and ultimately taxes go down.

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