France: It takes a lot of public money to stimulate the economy because structural reforms have not been carried out

To encourage French households to consume, they need to be reassured about the outlook for unemployment. But it is difficult in France to get job seekers back into work, unemployment is highly inert and there is a high level of long-term unemployment due to the shortcomings of the training and upskilling system . To encourage companies to invest and create jobs, the high weight of taxation and high labour costs must be offset (with subsidies, aid ), because the state and the pension system have not been reformed and the tax burden on companies and on labour is therefore very high. The absence of sufficient reforms (education and training system, efficiency of the state, pensions) therefore makes it difficult to get the economy going again and forces the government to spend a lot of public money (on subsidies, short-time working schemes, employment aid, etc.) to do so.