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The state will not be able to compensate for the losses caused by inflation forever. The awakening promises to be difficult. What awaits us.
By Marc Vignaud
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LAll eyes are on the legislative elections. Will Emmanuel Macron have an absolute majority in the National Assembly thanks to his allies grouped in Together? A relative majority? Can Jean-Luc Mélenchon and the Nupes still surprise?
Whoever wins, he will face an extremely degraded economic environment. France and the euro zone are flirting with more or less profound stagnation, ie very weak, even negative growth, coupled with an increasingly widespread rise in prices.
Contrary to what happened during the health crisis, an extremely violent but temporary shock, the State will not be able to eternally play the strategy of “whatever the cost”. The return of inflation, which began well before the…
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