The suggestions of Olivier Blanchard and François Écalle to keep away from the debt wall and discover 150 billion | EUROtoday

Ne are struck by the hole between the controversy within the National Assembly and the dimensions of the budgetary downside to be resolved. To put it merely: stabilizing public debt in relation to GDP entails discovering round 150 billion in the long run, by combining a discount in spending and a rise in income. With all of the pink traces put in place by the totally different events, MPs solely appear to have the ability to agree on measures that enhance spending or lower income.