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Provence Government proposal to scrap the two national holidays to help cut the deficiency “remained proven politicians compromise on the draft budget.
Opposition parties push back to plansaying it will punish the workers, and polls suggest that it is not violent unpopular.
Asked if the idea is effective, Moscovici is not committee, noting it is not his duty to opine to Policies of € 44bn package of fiscal.
“That remains proven. It is one of the things that need to be documented,” he said to an interview during finance.
Moscovici, a former socialist financial ministry and European Commissioner, praised the measure and ambition of the Prime Minister François Bayboois Bayrou’s Road Map.
At the head of a minority government, Bigrou stabbed his fate to negotiate the opposition to pass his proposed budget for next year. Steps announced on Tuesday include an expenditure of freeze in all areas including pensions and social welfare benefits but excluding defense.
Bayrou says he wants to eliminate the two-day national holiday to generate € 4.2bn more than income every year. Another vow is to pull the claims for paying unemployment.
Moscovici said: “The Prime Minister is right to say this is a time of truth – we cannot continue to go on the same path to debt. All efforts he calls are justified, and Tanya inability to do less. “
Bayrou faces swing bloc to the National Assembly, which is Socialist Party And the far right rasskemblement national led by Marine Le Pen, and they should be attracted to avoiding a non-trusted vote that often happens in the budget.
Moscovici says socialists: “They don’t want to bring the government – they know that strength is a good thing ..
French deficiency failure at 5.8 percent of GDP last year, the second worst of the eurozone after Slovakia. The goal is to dispel the disability of 4.6 percent next year, even if doubt of realistic analysts. General national debt will continue to increase in the coming years.
The plan to cut holidays is expected to be a flashpoint of socialist talks and RN.
Bayrou makes the extra two working days if necessary to enhance economic growth and income tax, adding “the whole country should work more … to improve French status”.
The rexecode economists have found French people (those full-time work, as well as self-comment 7,607 hours per year against the average European average of 1,674. But they work more than in Germany (1548 hours) and Netherlands (1,364 hours).
Opposition numbers say that the burden of scraping holidays will fall into existing work, while economists have long been stressed that the best job problem is a lower job rate.
The rate of work for 55- to 64-year-Ols is 56 percent, compared with a 59 percent average of EU countries and 61 percent of the whole OECD. Only half works when they reach 62.
Clichés that French workers are lazy or that 35-hour workweek is to blame “never true”, Moscovici said.
He said he hopes that a joint appears on the budget to avoid political and economic “unbalanced ministers of the government that France can face a perfect financial crisis.
“It is not true thinking we are like Greece in 2010. Nor we are at risk of an intervention from the IMF,” he said. “I want to think that the first true threat we face is increasing interest rates.”
France spent near 25bn of 2020 of interest payments at all levels of government; It increases over 60bn in 2024, and expected to reach € 100bn of 2029. The costs of interest to be a larger area of government spending ahead of education.
“The snowball has begun to roll, and the cost of our debt continues to grow,” says Moscovici. “The real question how soon? Now, we haven’t arrested the running downhill.”
