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FRANCE: PM Bayrou-Reducing National Debt A Moral Obligation

FRANCE
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Delivering his first speech as prime minister, Francois Bayrou says outside the Hôtel Matignon that 'reducing France's debt is a moral obligation'. Bayrou: "I believe that this issue of deficit and debt poses a moral problem and not just a financial one".

  • Outgoing PM Michel Barnier said prior to Bayrou's comments: "We proposed a difficult budget, to reduce our deficit. And with a parliamentary majority, particularly in the Senate, we were close to a balanced agreement. This deficit has not disappeared, as if by magic from a motion of censure. We would be wrong to forget it and the debt that goes with it, otherwise they will be brutally reminded to all of us. Such a debt, such a deficit, are taxes for our children."
  • Bayrou echoing Barnier's comments would seem to imply a similar stance to on the next state budget his gov't will eventually attempt to move through the National Assembly. As such, the spectre of rejection by the opposition and another showdown over the use of Art 49.3 to force a budget through already looms over the new administration.
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Delivering his first speech as prime minister, Francois Bayrou says outside the Hôtel Matignon that 'reducing France's debt is a moral obligation'. Bayrou: "I believe that this issue of deficit and debt poses a moral problem and not just a financial one".

  • Outgoing PM Michel Barnier said prior to Bayrou's comments: "We proposed a difficult budget, to reduce our deficit. And with a parliamentary majority, particularly in the Senate, we were close to a balanced agreement. This deficit has not disappeared, as if by magic from a motion of censure. We would be wrong to forget it and the debt that goes with it, otherwise they will be brutally reminded to all of us. Such a debt, such a deficit, are taxes for our children."
  • Bayrou echoing Barnier's comments would seem to imply a similar stance to on the next state budget his gov't will eventually attempt to move through the National Assembly. As such, the spectre of rejection by the opposition and another showdown over the use of Art 49.3 to force a budget through already looms over the new administration.