This Wednesday, France presents its recovery plan of 100 billion euros in Brussels.

This is an important first step for the government, which hopes to convince the European Union, to let it access the European counter of 750 billion.

The French government presents this Wednesday its recovery plan in Brussels, the first step before the release of European funds. 

Yes, you know, to access the European window of 750 billion planned for the recovery, each European country must present a plan validated by Brussels.

Quite simply to ensure that the enormous sums which will be borrowed jointly by the 27 will be well spent and not squandered.

The countries have set themselves as a rule in particular that a large third of the funds finance the ecological transition and a fifth the digital transition.

Clearly, this European money must go to investment spending.

As Commission President Ursula von der Leyen said, it is "the opportunity of the century" for European countries to invest to transform their economies, at a time when the United States and China are investing. - themselves overwhelmingly in new technologies. 

Will the 100 billion French plan, funded in part by Europe, really be sufficient for this? 

The debate is open.

To this question, Bruno Le Maire generally answers: let's already spend the money from the recovery plan, we'll see well later if it's enough.

And that is common sense.

But we also hear two other theses among economists.

A first thesis consists in saying that we will have to invest much more to increase the "growth potential" of our economy: that means investing more in research, in education, in training.

There, as you can see, we are aiming for the long term.

The results will not be immediate.

The second thesis, which we hear even from economists close to power, is to say that we must spend more immediately. 

As in the United States.

It is the influence of the American stimulus, which is very powerful, and besides, the American economy is taking off.

This is the idea that we must really support the activity very strongly, from this summer, when the bulk of the population has been vaccinated, so that there is a rapid catching up of the lost growth.

I would add that the American example also goes in the direction of the first thesis, since the last Biden plan, the one that was announced in March, concerns the long term, on infrastructure spending.

In short, if we summarize, calls to spend more are multiplying.

To those who are worried about the surge in public debts, we answer: "this is what the Americans are doing!".

Should we follow him in this headlong rush?

The debate is open.