This year, the level of recession could reach -11% in France according to the latest figures communicated by the Minister of Economy Bruno Le Maire. A prospect that should worry the population for Nicolas Beytout.
Minus 11% is the level of recession, never seen before, that France could experience this year, according to the latest scores from Bruno Le Maire…
A terrible figure, which should terrify us all. But no: everything happens as if the French were too busy enjoying the almost total return to freedom. It is as if they would rather take advantage of their little happiness of the moment, rather than relive the past and the horrible tally of the deaths of the Covid, or look at the economic and social future which threatens. Because, we now know for sure: it will shake, very strong ...
What's going to happen ?
A curse. That of the eleven figure: 11% recession, with soon 11% unemployed, or 1 million additional job seekers. And all this will swallow up tens, hundreds of billions of euros. So much so that it would not be surprising to see the budget deficit approach or even exceed 11% of GDP. The curse of the eleven.
What are you looking for ? To scare us?
Yes, I am doing what the government should do. He did a good job of locking us all up for eight weeks, scaring us with the coronavirus. An unstoppable system to confine us. Well, he must use the same recipe to deconfine us. He must scare us with what would happen if we were locked up for a long time.
There are aids, load deferrals, short-time working…
Yes, but that was the essential treatment to get through the peak of the economic and social crisis. It can't go on forever. Besides, the longer it lasts, the more it costs, and the more the economy sinks. France needed massive treatments, but it now needs another drug. And this drug is known, it's work. France must speed up its return to work. The French must get used to this alternative work situation, with partial unemployment costing billions of euros or massive teleworking, because even if it is a solution here or there, that is not real life. We have to start spinning the economy again, otherwise the crisis will kill people, sink companies and jobs. There may even be, among the hundreds of thousands of unemployed, people who will become desperate. But these, we will not see them, we will not count them. This is what the government should do: count every day, as we counted the number of resuscitators and the tension in hospital emergency departments. Count job disappearances, bankruptcies. Every evening. Press conference by the Director of Labor, or the boss of INSEE. Believe me, it would mobilize.
There are still a lot of voices raised to defend another remedy: taxes ...
Yes, as if you had to take money from the French first before encouraging them to start earning it again. As for the return of the ISF, it is to the left what chloroquine is to Professor Raoult: a fascination that can cause premature death.