Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom


France about to be the first issuer of government bonds in the euro area

This is a statement of the former minister of finances Thierry Breton. According to him, in 2013 France will exceed the amount of bonds emitted by Germany. The debt in the euro zone will become therefore mostly “latin”, with France, Italy, Spain and Portugal becoming the main debtor nations. They have, adds Thierry Breton, built their national (cheap) debt on the solidity of the German bonds but this era is coming to an end. Nowadays, the totality of the income tax revenues in France is going to the payment of the interest of the public debt.

Under the pressure of Brussels, Sarkozy is coming with the proposal to note into the Constitution a plan to return to the equilibrium of public finances.

Share this article :

Related contents ...

The need for the pension privatisation

ECB Interest Rate: One Size Doesn’t Fit All


UK Productivity and Brexit
The 2017 Mansion House Speech

UK 2017 Elections



Any message or comments?

Show Form

 css js

By continuing browsing our website, you agree with our cookies policy
CLOSE

Monthly newsletter
Receive our publications for free