Due to the current low interest rates, France will achieve about two billion euros in savings in 2019, says the Minister of Action and Public Accounts Gerald Darmanin.

It is an unexpected income for the state. According to the statements of Gerald Darmanin France 3, France will achieve about 2 billion euros in savings in 2019, due to the current low interest rates. The media recalls that the Court of Auditors forecast, in June, 400 million euros of savings through this mechanism.

This manna comes from the fact that France today borrows money from banks, on the bond markets, at very low interest rates. When she refunds the money later, as inflation (the price increase) is higher in percentage terms than interest rates, she ends up repaying the banks an amount that is "worth less" than that she borrowed. This is called real interest rates.

"We will not borrow more," tempers Darmanin

"We will not borrow more to take advantage of cheap money, because cheap money must at some point be reimbursed," tempers the Minister of Action and Public Accounts. If interest rates of banks rise, as a result of the rise in key interest rates of central banks, France could no longer rely on these economies, welcome at a time when the public debt reaches almost 100% of the domestic product gross, the national wealth.