The elephant in the room that does not get a mention in the article is that France tops all European countries (bar Ukraine, which is at war) in terms of government spending (according to e.g. [1]) with 58%+ of GDP (which also explains why it is also one of the most taxed countries...).
So between debt reduction and "green investment" there is a huge blob of massive public spending to act on...
To disclose my concern: I am a French retiree. My pension is paid by the government. The government will borrow nearly as much as it earns. France is one of the most taxed countries, not only there are taxes on your revenue, but taxes each time you buy products. For electricity, fuel and many other items, the government earns 70% of the consumer price. Pensions are one of the most important items in government budget's.
Here is my question: Do you think IMF will intervene like in Greece in 2004 and pensions will be drastically reduced?
So between debt reduction and "green investment" there is a huge blob of massive public spending to act on...
[1] https://en.wikipedia.org/wiki/List_of_countries_by_governmen...